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Apple stock received a rare downgrade to "sell" from an analyst on Tuesday. The downgrade highlights premium-valuation concerns and some negative headlines in recent months.
Megacap tech stocks led the drop, with Apple shares down more than 3% for their worst daily drop since August. Tesla similarly fell 3%, while Nvidia dropped almost 2% and Alphabet lost more than 1%.
Shares of Apple fell 3.6% at the close of trading in New York on Tuesday, the stock's steepest drop since August.The moves came after Barclays downgraded the iPhone maker and lowered its price ...
Apple stock took a hit on Tuesday, falling roughly 1.9%, after TF International Securities analyst Ming-Chi Kuo released a report saying iPhone shipments will decline as much as 15% year over year ...
Indexes closed lower in the first trading day of the year on Thursday. The losses extend the market's losing streak to five days, putting the Santa Claus rally at risk. Apple stock dropped more ...
Jobless claims from last week fell by more than expected to 216,000, a 12,000 drop from the week prior. Economists had expected claims to come in at 230,000. Here's where US indexes stood shortly ...
Some 65% of Wall Street analysts covering Apple recommend buying the stock and see shares rising around 9% to nearly $245 over the next 12 months. Lee expects the stock to drop about 6% to $213.
Shares of the tech giant are off by about 8.8% in August, according to Yahoo Finance data, badly underperforming the S&P 500's 1.6% drop. The stock has fallen below its key 50-day moving average ...