Manic market back to buying Apple — at least for today
One day after they closed at a five-month low, shares of Apple rebounded more than 1.6 percent in early afternoon trading as Wall Street decided the recent selling spree was an overreaction.
Since reaching its all-time high of $705.07 on September 21, the day the iPhone 5 became commercially available, Apple’s stock has dropped about 24 percent.
Why the Friday turnaround? Take your pick:
Only a few weeks before the holiday season kicks into high gear, AT&T said its iPhone 5 supply situation is improving.
Separately, Piper Jaffray’s Gene Munster said in a note that iPhone 5 supplies are…
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