Shares of $AAPL closed slightly higher on Friday after being pummeled for the last few weeks. The stock ended the week at $527.678, a gain on the day of $2.058 (+0.39 percent), on very heavy volume of 45.2 million shares that saw the stock trading as low as $505.75.
That's among the heaviest days of trading we've ever seen for the stock in 14 years of writing the Apple Stock Watch (AAPL traded more than 50 million shares on March 14th, 2012). As a fun thought exercise, AAPL's total volume on Friday represents roughly $23.62 billion in money changing hands on just this one stock.
Source: Yahoo! Finance
The heavy volume kicked in when AAPL fell to $505.75 per share in the late morning session, when buyers finally decided to step in and drive the stock back into positive territory, as shown in the chart above.
Whether that represents a bottom remains to be seen—technical traders may see strength in high volume that results in a gain when AAPL is officially in bear territory. AAPL is off its September 19th all-time closing high of $702.10 by $174.422, a decline of 24.8 percent.
For the week, the stock is down $19.382 (-3.5 percent) from its close on Friday, November 11th, of $547.06.
*In the interest of full disclosure, the author holds a tiny, almost insignificant share in AAPL stock that was not an influence in the creation of this article.