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AAPL, How Low Can It Go?

by , 12:00 PM EST, December 6th, 2000

Apple's stock opened $2.50 or 14.7% lower today after yesterday's earnings warning from Cupertino. Trading volume is already more than double the usual daily average as the stock churns in a tight $0.50 range.

Today's drop to $14.50 range represents a new 52-week low for AAPL, beating out last week's low of $16.13. The last time AAPL traded this low was on July 10th of 1998, just days before the iMac made its MacWorld debut in New York City.

Apple currently has about $11 per share in cash and equity, meaning the stock market is valuing Apple's business and all its future potential at about $3.50 per share.

Most tech stocks are weaker today. PC stocks are especially caught in a negative trend following Apple's bad news.

We have a Detailed Analysis of Apple's earnings warning and their conference call from yesterday afternoon. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.

Apple

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