Tuesday, February 26, 2013

Apple Stock Tanks Again - Getting Close To A New Low

Media_httpstatic1busi_lgigm

Apple stock fell another 2% yesterday to close at $442. It's down again this morning.

The stock is now closing in on its lowest closing price since it peaked just above $700 in September.

Apple is now down almost 40% from its peak.

Apple's market value has now lost about $250 billion. Thanks to Apple's massive size, that's more money than investors in Hewlett-Packard and Research In Motion have ever lost in those two stocks combined.

Of course, Apple has only fallen to a level that it first breached in January last year. So long-term Apple investors are still in the money. At least for now.

(For the first time in forever, though, anyone who has bought Apple in the past year and held it has lost money on it).

What's going on with Apple's stock? How low could it go?

On the first question, there are several things going on with Apple's stock.

Posted via email from Create | Inspire - DM2 Studios

No comments:

Post a Comment