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Apple goes back to Wall Street

marzo 23, 2020

Apple goes back to Wall Street – logomacitynet1200wide 1

The sinking of the Apple stock lasted not even three days. After the precipitous descent suffered in recent days, a descent that had led during the Wednesday session, AAPL to touch a chilling '12 and then stop at '7%, Cupertino courses quickly recovered. On Friday a leap forward of over 7% had given back enamel to Apple's shares; yesterday, on a very positive day for both the Nasdaq and the Dow Jones, AAPL, which has grown by more than 4%. The result that Apple was set yesterday evening at $ 24.49, higher than the 23.81 of the day before the brutal drop last Wednesday.We remember that the fall in the list had come following a report by Merril Lynch analyst Steve Fortuna according to which Apple could not match the profit forecasts for the current fiscal quarter following the inability to deliver an important number of iMacs. Now, overcome in a climate of renewed confidence in technological stocks, investors rushed to buy stocks of companies that promise to recover first when the recovery arrives and among these, Apple unanimously ranks first.

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