Apple Just Suffered Its Largest Single-Session Drop in Over 7 Months. Here's What It Means for the Stock
On March 21, Apple (NASDAQ: AAPL) fell 4.1%, marking the worst single-session drop since it fell 4.8% on Aug. 4, 2023. The sell-off last August was in response to Apple's fiscal 2023 third-quarter earnings. But this latest sell-off had nothing to do with quarterly financial reports.
The U.S. Department of Justice (DOJ) filed a civil antitrust lawsuit against Apple for monopolizing smartphone markets. Here's what the DOJ said and why it's yet another piece of bad news weighing Apple down.
Image source: Getty Images.
Source Fool.com
Apple Inc. Stock
€173.20
0.510%
Our community is currently high on Apple Inc. with 79 Buy predictions and 6 Sell predictions.
As a result the target price of 199 € shows a slightly positive potential of 14.9% compared to the current price of 173.2 € for Apple Inc..
