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Apple reclaims its crown as the most-popular stock among millennials (AAPL)

Apple reclaims its crown as the most-popular stock among millennials (AAPL)
Apple



Apple this week reclaimed its crown as the most-popular stock among millennial traders on the free-trading app Robinhood.




Shares fell 10% in the wake of the company's third-quarter results.




Robinhood investors have been snapping up shares as the stock sits at its lowest level in almost three months.




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Apple regained its position as the favorite stock among millennial traders after its quarterly results triggered a big sell-off.
The tech giant on November 1 reported underwhelming third-quarter iPhone sales and said it would no longer reveal unit sales for its hardware. Shares dropped as much as 10% in five days following the results, pushing Apple's market capitalization below $1 trillion.
With Apple trading at its lowest level in almost three months, millennial investors are snapping up shares. According to data from Robinhood, a free-trading app popular with younger investors, Apple replaced Ford as the most-popular stock on the platform, with 199,221 investors currently holding the stock, up 14,013 from last week.
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