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AAPL Stock: 99.76 ( + 2.09 )

Printed from http://www.macnn.com

Public opinion on Apple stock sags, stays healthy

updated 11:10 am EDT, Fri March 27, 2009

Piqqem on Apple stock

Public opinion of Apple's stock value dropped substantially in February, but remains good, claims Piqqem. The latter company gathers opinion on stock performance from online subscribers, and notes that Apple stock now sits at a score of 2.68, which is still bullish but below a six-month peak closer to 3.0. The figure began plunging dramatically on February 22nd, though it has since stabilized.

Apple's performance is in fact said to be roughly consistent with other major tech companies, including Amazon, Google and movie renter Netflix. Other smartphone makers -- such as RIM and Nokia -- have managed to gain a lot of ground however, relative to previous positions. At roughly the same time as Apple's drop, Palm opinion jumped sharply, from a point slightly above 1.0 to value approaching 1.5. Palm remains on an upward trend, currently scoring 1.62.

Piqqem additionally observes that age appears to be a significant factor in Apple opinion. The stock is rated most highly by people aged 45 to 60, while those between 30 and 44 are much more pessimistic than the consensus, if still bullish. Slightly closer to average are those aged 18 to 29. Profession may also play an important role, as while sales workers give Apple an average of 2.4, students have scored Apple stock 3.25.




by MacNN Staff

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Comments

  1. Eldernorm

    Joined: Dec 1969

    +4

    Misplaced focus

    The stock market is being run by the big houses these days, not by investors (as in regular investors).

    The stock market was developed for long term investors who wanted to own part of a good company. Today its run by micro traders who only care about how much you can jump a stock up a buck or two, then drop it back down so that they can make some quick money.

    Apple the company has never been in a better position with 28 BILLION in cash, sales growing on all their products, and improved products coming out all the time.

    I just cannot see a better company than that out there.

    Just a thought.
    en

  1. b9robot

    Joined: Dec 1969

    +3

    I totally agree Eldernorm

    Apple is in the best position of any company out there in the tech industry including Microsoft! Apple's stock to me is incredibly under valued considering how well the company is doing. But like you said, it is run by micro traders who don't know enough. Today the stock market reminds me of the oil industry only in reverse, the minute any bad news on the internet comes out, companies like Apple get pounded for know good reason. With oil the gas prices at your local gas station shoot thru the roof! The stock market does not reflect the individual companies successes or how well they are really doing. It is now run off rumors, false accusations, and BAD news stories with NO facts. Very sad. :-(

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