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September 29th, 1999

[4:15 PM] Apple Stock Watch: Apple Still Heading Down In Another Negative Trading Day

Apple dipped once again today, continuing the downward trend began when Apple announced an earnings warning last week. General trading was again negative today with both the Dow and the Nasdaq closing down and that included most of the personal computer industry as well.

Apple closed at 59 1/16, a loss of 9/16 or 0.94%. Volume was moderately high with 5,867,000 shares trading hands, though that represents a roughly 50% decline over trading volumes during the last 5 days. Apple had traded as high as 61 1/4, up one point on the adjusted closing price yesterday, though afternoon trading dragged Apple back into negative territory.

Mac related companies closed mix, a positive outcome when compared to the rest of the industry, as Symantec and Motorola both closed higher. Adobe and Macromedia joined Apple in negative-land however. On the Dark Side, IBM, Dell, Microsoft, Intel, Gateway 2000, Hewlett-Packard, and Compaq all ended the day lower.

The Dow closed at 10213.48, another loss of 62.05, while the Nasdaq closed at 2730.27, a loss of 25.98.

For full quotes on all the companies mentioned in this article, we have assembled this set of quotes at Yahoo! for your reference. We also have these same quotes reported live (20 minute delay) on our home page. For other stories regarding Apple's stock activity, visit our Apple Stock Watch Special Report.


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