"Assessing Apple's Oversold Stock and Potential Comeback"
TL;DR Summary
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.
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- 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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