Apple Stock Returns to Where It Was Before iPhone 5

Apple's stock has given up all of its gains from after the iPhone 5 announcement two weeks ago.

The company's stock closed at $665.18 on Wednesday, a decline of more than 1% on the day and the third straight day the stock ended down, and opened even lower on Thursday at $664.29. By comparison, Apple's stock opened at $666.85 on Wednesday, Sept.12, the day the iPhone 5 was announced.

In the week after the iPhone announcement, Apple stock rocketed to new highspassing $700 a share for the first time in its history just five days later, thanks to Wall Street'soptimism about consumer demand for the device and Apple's aggressive roll out schedule.

Apple stock remained above $700 a sha…
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