AAPL recovering after initial WWDC nosedive
In heavy trading volume today, Apple stock (AAPL) is down four percent after initially dropping to 176.23 halfway through the keynote at 1:55 p.m. Eastern time.
At the time of posting, AAPL was trading near 177, which is a decline of over four percent since the closing bell yesterday Friday. (It's been a long day.)
Apple stock has taken hits in the past on announcement days, usually due to traders looking to make a quick buck from the high interest surrounding coverage of the event.
An update, after the jump.
Update 6:00 p.m. ET: AAPL closed today at 181.61, off 4.03 (–2.17%).
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In heavy trading volume today, Apple stock (AAPL) is down four percent after initially dropping to 176.23 halfway through the keynote at...
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uh... you should probably notice that yesterday was a Sunday and there was no trading. thus no closing bell.
June 09 2008 at 6:41 PM Report abuse Permalink rate up rate down ReplyGood catch. Thanks.
June 09 2008 at 6:47 PM Report abuse Permalink rate up rate down ReplyI for one, was hoping they may offer it to t-mobile. What gives?! I am really dissapointed apple is alienating not only it's loyal fans, but now business too, that do not want to switch their entire company to ATT. uggh! Is Apple becoming a profit hungry corp too? Actually wouldn't they make more money if they open it up to other companies?
I heard rumors that the 3g was going to be impossible to Jail break , plus would it work on t-mobile? anyone , anyone, bueler, bueler?
I was thinking about this as the keynote commenced. I was dissapointed by the lack of annoucements that applied to me and that all there was, was 3G iphone, iphone 2.0 and mobile me. Gone are the days of "One More Thing." That was quite a favorable formula and has left me wanting 1 more thing.
All of that to say, apple "gimmie some mo!"
Anyways, it was fluctuating like it had mad cow, did anyone else watch it?
I think if you plot the NASDAQ against Apple's performance today, you'll see this was not necessarily a reaction to anything said at the WWDC keynote.
June 09 2008 at 4:55 PM Report abuse Permalink rate up rate down ReplyI think you'll probably notice that a lot of stocks were down based on the Lehman news.
June 09 2008 at 4:20 PM Report abuse Permalink rate up rate down ReplyI think we all wanted more than just an iphone to be announced. Newton PDA version 2? bluetooth ipod touch? that was too long a focus on just one product, for the stock market anyway.
June 09 2008 at 4:09 PM Report abuse Permalink rate up rate down ReplyYou should probably update that graphic, as well as the title ;)
June 09 2008 at 3:17 PM Report abuse Permalink rate up rate down ReplyHot Apps on TUAW
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