And here's another graph from July 30 to today.
View attachment 959597
Hey, now, look at that! AAPL out performing the market anyhow! Even though they dropped in September like the entire market, their August runup was so massive that they are still ahead.
Based on a timeframe that
YOU chose. When you described it in words, AAPL sounded bad. However you neglected to provide any reference point. The graph above shows it.
Yes, AAPL dropped a lot this month but the rest of the market did
far worse. In fact, the tech-heavy NASDAQ-100 is barely +1% since AAPL's split announcement. By contrast, AAPL itself is +16.7%. Since the NASDAQ-100 is a market-cap weighted index, it's pretty reasonable to say that AAPL did more than its share in propping up that index.
Note that AAPL's share split was irrelevant. The entire stock market dropped on the 3rd of September and most companies did not split a few days earlier. The whole market was overbought.
Say, if you want to make your argument sound convincing, maybe you should pick dates that actually show AAPL underperforming the market.
That doesn't change the fact that the market has put more faith in AAPL than most of its NASDAQ-100 peers.
But as you were...