The Traderszone Network

Published in TZ Latest News 5 August, 2015 by The TZ Newswire Staff

Apple’s momentum ‘meltdown’ bites investors

Has the “curse of the Dow” finally caught up with Apple? The recent declines have wiped out nearly $100 billion of Apple’s market value – about as much as fellow Dow components Boeing and McDonald’s are worth in total. For CEO Tim Cook, it means his stake of 950,000 shares, worth more than $127 million in late April, is now worth around $109 million.