Inside Apple’s (AAPL) Massive Decline

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Apple ( AAPL ) had a bad day yesterday. A VERY bad day.

How bad was it? Let me count the ways:

  • Apple shares fell from $575 to $539 - a decline of more than 6%. It was the stock's biggest one-day drop-off in four years.
  • The stock lost $35 billion in market cap, briefly dipping below $500 billion this morning for the first time all year. To put that in perspective - only 166 of the more than 6,000 publicly traded companies listed on U.S. exchanges even have a total value of $35 billion.
  • Apple's bad day continued into Thursday morning, as the stock dipped another $10 in early trading today. It has since rallied, but not before falling below $520 for the first time since February.
  • At the low point of Apple's 36-hour tailspin, it was down 26.5% from its September peak of $705 .

That's the bad news. The good news for Apple investors is that - as I mentioned before - the stock is rallying. After a very poor start to the day, shares are now up 2.35% - or roughly $12 - to $551 a share. So perhaps the worst is over for the world's largest stock.

Wednesday was a brutal day for Apple. Investors are surely hoping another four years pass before there's another day like it. 



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: AAPL

Wyatt Investment Research

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