AAPL Stock Weekly Outlook: Shares drop nearly 10%, video games for new Apple TV and more
Submitted by Jon Reed on
Apple (NASDAQ: AAPL) share price woes continued as the market as a whole took a sharp downturn last week. Stock prices started the week at $117.16 and closed Friday at $105.76 for a whopping 9.7% loss on the week. Friday, which saw the most active trading since January, also saw the biggest slide of the week, opening at $110.43 and losing 4.2% by the closing bell. The volatility is attributed to a plunge in the Chinese market last week. Wall Street analysts are looking at this as a period of correction rather than the start of a bear market, as there are still many buyers out there.