AAPL stock on the move, downward

Summary:After an impressive runup 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).

AAPL stock priceAfter 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!). 

Topics: Apple

About

Jason D. O'Grady developed an affinity for Apple computers after using the original Lisa, and this affinity turned into a bona-fide obsession when he got the original 128 KB Macintosh in 1984. He started writing one of the first Web sites about Apple (O'Grady's PowerPage) in 1995 and is considered to be one of the fathers of blogging.... Full Bio

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