The SP500 Has Held Up Extraordinarily Well During the Apple Shnide
- Posted by ppearlman
- on December 8th, 2012
Apple Inc closed at an all time high of 702.10 on September 19. At the time, $AAPL was up 73% for 2012 and accounted for nearly 5% of the SP500 Index.
That is to my recollection an unprecedented single stock skew for an index made up of 500 of the largest US public companies (Does anyone recall $XOM weighting at the late ’07 early ’08 highs?).
Since September 19th, $AAPL has fallen 24%.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.blog comments powered by Disqus
Phil is the interactive editor at Yahoo! Finance. Formerly, he was the executive editor at StockTwits. He is a partner at Social Leverage, LLC and makes early stage investments in web based companies. (More)