"Assessing Apple's Oversold Stock and Potential Comeback"
TL;DR
Apple's stock has experienced a significant selloff, leading analysts to believe it is the most oversold in years. Concerns over iPhone sales in China and a fine from the European Union have contributed to the stock's 12% decline this year. Despite the selloff, options traders are showing few signs of fear, and the stock trades near 25 times estimated earnings, above its 10-year average multiple of 19.
- Apple Looks Most Oversold in Years After $200 Billion Selloff Yahoo Finance
- Apple Stock Price Falls for 6th Straight Day. What’s Next? Barron's
- Apple stock extends declines for sixth day Yahoo Finance
- If Apple Has Something Up Its Sleeve, Now's the Time Bloomberg
- Wall Street weighs in on what's wrong with Apple and whether the stock can make a comeback CNBC
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