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Apple Stock: Massive One-Day Recovery, Now What? [TheStreet.com]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
Apple stock ( ) - has been on the move — blink and you will miss it. On January 24, shares of the Cupertino company rallied strongly after reaching a 2022 intraday low of less than $155. A bit over three hours later, AAPL stock sat a whopping 4.5% higher. Today, I put in context the dizzying rally witnessed this past Monday. I then debate what the recent price action might mean for Apple stock only a couple of days ahead of the company’s highly anticipated earnings day. Figure 1: Apple Stock: Massive One-Day Recovery, Now What? Unsplash ( Read more from the Apple Maven: ) AAPL’s unique spike Apple stock’s vicious intraday rallies, at least to the extent seen on Monday, are quite rare. Over the past 5 years, AAPL has climbed 4.5% or more from intraday low to the end of the trading session only 18 times. This is an average of only once every three months — although half of them happened during the very short COVID-19 bear period of February to April 2020. The last time that som
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