Why Apple Stock Sank Today
(NASDAQ: AAPL) stock saw a significant sell-off in Wednesday's trading. The tech giant's share price fell 3.2% in a daily session that saw the S 500 index rise 0.3% and the Nasdaq Composite trade flat.
Apple unveiled its new iPhone hardware and other products at an event yesterday, and the market has had a moderately negative reaction to the unveilings. In addition to the lack of a new, clear-cut blockbuster in the pipeline, investors may also be concerned about the company's pricing strategy.
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Source Fool.com
Apple Inc. Stock
€264.45
0.510%
Our community is currently high on Apple Inc. with 76 Buy predictions and 7 Sell predictions.
As a result the target price of 280 € shows a slightly positive potential of 5.88% compared to the current price of 264.45 € for Apple Inc..
