AAPL Drops Another 5.75% (-$10.09)
AAPL Drops Another 5.75% (-$10.09)
by , 5:40 PM EST, November 9th, 2007
AAPL dropped another 5.75% Friday, closing the week at $165.37 per share, a loss of $10.0963. The stock opened the week at $185.71, making the loss for the week $20.34, or 10.95%.
Apple's losses have taken place in the midst of a broader tech selloff, a sector where the company has led gains during the past 18 months of trading. The tech selloff itself has been one of the major victims of a stock downturn triggered by the subprime mortgage crisis.
*In the interest of full disclosure, the author holds a small share in AAPL stock that was not an influence in the creation of this article.
If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.
Observer Comments
Fri Nov 09, 2007 8:05 pm Subject: Well, it makes it more affordable for people that want to...
As Apple has gained market share it is important that Mac news sites take a more impartial view of events in the world of Mac. I'm very glad to see that you are reporting the facts about AAPL's price decline rather than defending it. Full disclosure: This respondent owns a position in AAPL and intends to HOLD!
Comments are currently closed. Please email the author instead.
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