AAPL Stock Weekly Outlook: Investors expect stock prices to fall further, installment plans could produce more iPhone upgrades and more
Submitted by Jon Reed on
It appeared that Apple (NASDAQ: AAPL) stock was poised for a rebound after it gained nearly 3 percent on Monday, closing at $119.72. It wasn't to be, however, as share prices dropped 5.2% in the following 24 hours, closing Tuesday's high volume session at $113.49. Wednesday's trading saw a low of $109.63, a price not seen since January, though it closed the day at $115.24. The volume dropped off and the price plateaued for the rest of the week, with the share price closing Friday at $115.96.