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It’s no secret 2022 has been a volatile year for tech stocks, even as Apple has stayed locked in its familiar role of stock market juggernaut, somehow always beating earnings expectations.
So you might be surprised to hear “Apple is this year’s biggest stock-market loser,” according to a report.
A jump in Apple’s share price in the past two days pushed it over a milestone: On Wednesday, Apple became the first U.S. company valued by investors at more than $1.5 trillion.
AAPL shares have been on the rise for months. Last week, the stock made up all of the COVID-19-induced losses incurred earlier in the year, then headed into record territory.
Apple played a part in a historical and brutal day on Wall Street Thursday as fears and concerns over the coronavirus accelerate. The Dow 30 plummeted 10% in value as Apple stock lost almost the same.
Tech stocks are dominating right now, but they got a bit of a wakeup call yesterday. Apple included.
According to a new report, a plethora of tech giants — inlcuding Apple, Alibaba, Amazon, Baidu, Facebook, Google, Netflix, Nvidia, Tesla and Twitter — all suffered falls yesterday. It was the worst drop in the NYSE FANG+ Index, which tracks global tech giants, since it was established four years ago.
Shares of Apple Inc. started the week by climbing to a new all-time high today, closing at a record $141.46 per share.
Apple stock has been rising for weeks now thanks to a number of ringing endorsements from mega-investor Warren Buffet and Wall Street firm Morgan Stanley.
A day after Apple stock set a new all-time high mark, the company’s shares did it again, closing Wednesday at a new record.
At the end of trading today, AAPL closed up 0.37 percent at $137.11 per share, beating yesterday’s high of $136.68.
Apple’s stock continued its historic rise today by setting a new all-time intraday high before closing at its highest price ever.
Apple stock continued to tumble Friday, closing at $105.76 — down more than 20 percent from its all-time high of $134.50 earlier this year.
The precipitous drop is in line with dozens of other big-name stocks that have taken a turn for the worse in 2015, but what’s driving the downturn?
The Nasdaq has been flirting with busting past the 5000 mark for days now, but investors are blaming one stock on holding it back: AAPL.
Apple shares have ballooned to their highest value ever over the past month. After weeks of growth, the stock’s performance has been flattish the last few days, which is a big problem for Wall Street because Apple now accounts for 10% of the Nasdaq’s index value.
Tomorrow’s earnings call should be an upbeat affair, if AAPL’s latest results are anything to go by: Apple’s stock just reached an all time high of $373 a share, up about 2.5%, and the company now has a market cap of just short of $350Bn. Wow.
[via 9to5]
Apple’s stock is as good as gold, right? Perhaps, but that doesn’t mean that it’s value can’t be manipulated. Writing for Fortune, Philip Elmer-DeWitt makes a shocking accusation: Apple’s share price is being manipulated by a mysterious cabal who are “pinning” the stock below its strike price and no one seems to be doing anything about it.
