Apple Stock Watch: AAPL Sheds Another 4%, Closes at $192 Per Share
January 29th, 2010 admin
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Shares in Apple Inc. continued to fall Friday, as the stock pared another 4% of its value. As with yesterday’s 4% drop, the losses came amidst a broader sell-off, and this time it was Microsoft’s better-than-expected results that couldn’t prop up tech stocks.
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Shares in Apple Inc. traded lower in the Thursday afternoon session, dropping more than 4.3% amidst a broader retreat in tech stocks. Google and AMD kicked off the tech losses, as investors reacted negatively to earnings reports from both companies.
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Shares in Apple Inc. traded higher Tuesday after the company announced over the Memorial Day weekend that it had sold more than two million iPads in the first 58 days of availability. The stock closed at US$260.83, up $3.95 (+1.54%), on moderate volume of 31.2 million shares trading hands. Memorial Day – Apple – IPad – Stock...
Analyst praise of Apple’s iPad wasn’t enough to prop up the company’s stock, which dropped more than 4% Thursday.
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Shares in Apple Inc. continued to get hammered Friday, as the stock shed another 4.7% in very heavy volume. In the mid-afternoon session, AAPL was trading at $234.775, down $11.475 (-4.66%), on volume of 49.1 million shares trading hands, more than twice the normal volume of a full trading day.
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Bank of America Merrill Lynch raised its price target on Apple’s stock from US$300 per share to $325. According to a MarketWatch report, the firm cited future strength in iPhone sales as the primary reason for the increase. Apple – IPhone – Smartphones – Handhelds – Stock
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Apple’s Q1 2010 earnings report was good enough to send shares of Apple Inc. up more than 4.5% Tuesday. In the early afternoon session, the stock was trading at US$212.48, a gain of 9.405 (+4.63%), on heavy volume of 39.2 million shares trading hands.
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Another Wall Street analyst has raised his price target for AAPL: Barclays Capital analyst Ben Reitzes bumped his target for Apple’s stock to $315, up from $300, based on the company’s just-reported March quarter. Apple – AAPL – Wall Street – Business – IPhone
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Apple’s stock slid down nearly US$5.50 to close at $251.80 on Tuesday as consumer and analyst concerns over potential issues with the iPhone 4’s antennas were on the rise. The dip followed a statement from Consumer Reports saying the independent product review organization couldn’t recommend the new iPhone model because of antenna-related...
The beginning of iPad pre-orders Friday morning led to a trading surge in Apple’s stock that briefly pushed its market capitalization ahead of Wal-Mart’s, thanks to a dip in the latter’s stock, noted Fortune’s Philip Elmer-DeWitt. Apple shares hit US$227.73 before retreating and ending the day at $226.60, up $1.10.
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Bernstein Research analyst Toni Sacconaghi raised his estimates for AAPL for fiscal 2010 and 2011, according to blog post from Barron’s. Mr. Sacconaghi’s primary reason for the change was what he sees as upward pressure on Apple’s gross margins as the company shifts to a higher mix of iPhone sales. He also estimated that Apple...
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