Apple Stock Prices Fluctuating Below $100

Apple Stock Prices

Apple shares plunged below the price of $1oo in pre-market trading on Monday in the middle of a wider Dow Jones and stock market downturn. On Friday, Apple shares were still ay $105.67 and are even down a 52-week high of $134.54. Even though Apple is clearly stuck in a dip, analysts remain bullish about the stock and are convinced this current dip and low stock price presents a buying opportunity for investors.

It was five months ago, in March, that the company replaced AT&T on the Dow Jones Industrial Average, which is down over 500 points as of today. For those who are unfamiliar with the Dow Jones, the index provides price-weighted average of 30 significant stocks traded on the NASDAG and NYSE, including American Express, Coca-Cola, IBM, Intel, Microsoft and Visa.

Apple Stock Prices

Apple CEO states in an email sent to Jim Cramer that he remains bullish about China: :”
I get updates on our performance in China every day, including this morning, and I can tell you that we have continued to experience strong growth for our business in China through July and August. Growth in iPhone activations has actually accelerated over the past few weeks, and we have had the best performance of the year for the App Store in China during the last 2 weeks.”.

Apple stock opened at around the $95 mark yesterday morning, however, its price has recovered all of yesterday’s losses and is now trading $103. It must be said though that it remains down significantly from its mid-July peak.

Share on facebook
Share on twitter
Share on linkedin
Share on print
Share on email