Apple Inc (AAPL) shares hit an oversold level on Thursday, trading as low as $255.70 per share. The Relative Strength Index (RSI) for AAPL stands at 28.4, indicating heavy selling pressure, while the average RSI for dividend stocks is 58.7.
Currently, Apple pays an annualized dividend of $1.04 per share, equating to an annual yield of 0.40% based on a share price of $260.35. The company’s dividend history may provide insights for investors considering entry points as the selling momentum shows signs of exhaustion.
