AAPL stock on the move, downward

After an impressive run up before, during and (shortly) after Macworld Expo, Apple Inc. stock (ticker: AAPL) has started to trend downward. The screen shot at right shows US$95.46, down US$1.54 today (at press time).

Apple achieved an intraday high of US$97.80 yesterday on the Nasdaq Stock Market, a 52-week high, where they finished the day at US$97. That brought the total gain (so far this week) to US$11.95 or 14 percent. The company's stock market capitalization has risen to more than US$83 billion. AAPL's 52-week low is US$50.16.

It appears that the profit takers and day traders have moved in to capitalize on the almost US$12 stock run up in less than 72 hours. Buy and hold people, buy and hold.

For those obsessed with such things, check out John M. Schilling's excellent AAPL StockDock (pictured) a freeware application (not a Widget!).