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Apple loses its shine

BGR

Shares of Apple (AAPL) stock were down 25% in November after hitting an all-time high of $705.07 in late September. Sentiment appeared to be improving in late November, but then the stock’s course turned south once again and hit a 10-month low this past Friday. Monday saw Apple shares dip into the $400-range for the first time since February during the pre-market session, and there’s no end in sight for the consumer electronics giant’s current slide. What brought on this most recent wave of soured views? From the look of things, two big cuts from Citi and Canaccord have sent investors headed for the hills.

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About Nicholas Maithya

I am a writer focussing on disruptive technology, Fintech, Big Data and Internet of Things, Online Marketing trends, and investments. When I am not writing about these, I am probably in the gym working out, out and about with family, watching the news (basically business/technology) or soccer. That's why I do sometimes cover soccer-related stories.

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