Why is AAPL stock price stagnant?
Apple is the largest (by market cap) and, arguably, the best company in the world. It is earning $ 9.22 per share yearly, and its PE is 12.87 (source Yahoo). It is now in the midst of its traditionally best quarter of the year, and virtually all of the news stories of late have been positive. Every analyst I have seen projects its stock price to move considerably higher from where it now languishes. Why is it not moving upwards?