AAPL Drops Another 5.75% (-$10.09)

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%.

Appleis 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 Appleis stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Appleis financial dealings. For other stories regarding Appleis stock activity, visit our updated Apple Stock Watch Special Report.