US Stock Market Move | Apple Inc. (AAPL.US) rose more than 2%, institutions say that the decline conceals a buying opportunity.

On Tuesday, Apple Inc. (AAPL.US) saw its intraday gains narrow, now up over 2% to $185. On the news front, Bank of America Corp analysts stated that the recent weakness in Apple Inc. stock is presenting an "enhanced buying opportunity," as when the stock price falls to this valuation level, its risk profile tends to be more positive. The stock has fallen nearly 30% from its high point in December last year, with the previous three-day decline being the largest since 2001. Analyst Wamsi Mohan wrote that historically, after experiencing similar events of multiple contraction, the risk-return profile of the stock tends to be "rather favorable" in the coming months.