Tim Cook’s Mad Money email might have violated SEC rules

By

Apple raked in the cash last quarter.
Apple stock has been on a wild ride recently.
Photo: Jim Merithew/Cult of Mac

Apple stock plummeted Monday morning before Tim Cook stepped in by emailing Mad Money‘s Jim Cramer to reassure investors that all is well for Apple in China. The move quickly turned Apple’s stock price around, but Cook might have violated Securities and Exchange Commission rules in the process.

It’s not a great time to own Apple stock

By

ThelmaLouise4_001Pyxurz
Thelma and Louise take a turn as stock market analysts.
Photo: Metro-Goldwyn-Mayer

Apple stock continued to tumble Friday, closing at $105.76 — down more than 20 percent from its all-time high of $134.50 earlier this year.

The precipitous drop is in line with dozens of other big-name stocks that have taken a turn for the worse in 2015, but what’s driving the downturn?