Apple Inc. (NASDAQ:AAPL): Is The Company ‘Becoming Just Another Stock’
“Shares of Apple Inc. (NASDAQ:AAPL) are slowly losing their luster and performing like those of other companies, Yahoo! Finance senior columnist Michael Santoli said Friday on CNBC. On “Fast Money,” Santoli pointed out that although Apple’s stock price has traded poorly over the past several days, it was still up 66 percent since the beginning of last year and up 33 percent year to date. And Apple was still $100 billion bigger than the No. 2 company in terms of market cap,” Bruno J. Navarro reports from CNBC.
“I feel like you have to put it in context, and say, it’s becoming – slowly – just another stock,” he said. “A huge one, an important one, but just another stock.” “Santoli sounded positive about the stock’s shift,” Navarro writes.
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“You hope it becomes just something that’s traded because of what’s going on at the company and for its value as opposed to hopes and prayer and performance reasons and tax reasons and everything else that’s just being handed back and forth. Can the stock trade back up to its high of $700 in six months? ”That psychology has to change, and in six months this thing could make your money back,” he added.
See the full CNBC video below:
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