{"id":340207,"date":"2017-05-05T23:43:38","date_gmt":"2017-05-05T15:43:38","guid":{"rendered":"https:\/\/www.macrumors.com\/2017\/05\/05\/apple-stock-bounces-back\/"},"modified":"2017-05-05T23:43:38","modified_gmt":"2017-05-05T15:43:38","slug":"apples-stock-has-already-bounced-back-after-earnings-results-slightly-missed-expectations","status":"publish","type":"post","link":"https:\/\/people.utm.my\/asmawisham\/apples-stock-has-already-bounced-back-after-earnings-results-slightly-missed-expectations\/","title":{"rendered":"Apple’s Stock Has Already Bounced Back After Earnings Results Slightly Missed Expectations"},"content":{"rendered":"

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Apple’s stock has recovered from early week losses incurred after the company’s earnings results<\/a> fell slightly below Wall Street expectations<\/a>.<\/p>\n

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\nApple shares are currently trading for roughly $148, slightly above Tuesday’s closing price of $147.51, set just before the company’s earnings report. The stock had dropped to as low as $144.27 on Wednesday, but Apple has bounced back since alongside an overall rise in the S&P 500 index today.<\/p>\n

Wall Street remains bullish on Apple<\/a> heading into the second half of the year, as most analysts think the so-called “iPhone 8<\/a>” with an OLED display and wireless charging will be a hit among customers. There’s also a larger than usual “supercycle” of customers with older iPhone models due to upgrade.<\/p>\n

MacRumors<\/em> obtained research notes from 19 analysts tracking Apple, and 15 of them continue to rate the company’s stock as a “buy” or equivalent following the company’s second quarter earnings results. All but three analysts believe that Apple’s stock price could rise to between $150 and $185.<\/p>\n

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\nApple’s stock has been steadily climbing in value<\/a> since dropping to a 52-week low of $89.47 in 2016, when the iPhone maker reported its first decline in annual revenue since 2001, and its first drop in iPhone sales ever.<\/p>\n

AAPL touched $148.20 in intraday trading this morning, a new all-time high. The stock is on pace to top Tuesday’s record close of $147.51.<\/p>\n

Tag: AAPL<\/a> <\/div>\n

Discuss this article<\/a> in our forums<\/p>\n

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