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Apple Inc. Stocks Drop Below $500
Apple’s stocks have been over $500 since February. However, they recently fell below $500 on December 14th. The company’s stocks have dropped twenty-seven percent since being at $702.10 on September 19th. There have been cuts in orders from Apple’s Asian suppliers. This caused Citigroup to lower its price target on the company. There are about four other banks that estimated a lower price for Apple’s stock this month due to these same cuts in orders.
Read the full story here: http://www.bloomberg.com/news/2012-12-17/apples-shares-decline-below-500-for-first-time-since-february.html
Read the full story here: http://www.bloomberg.com/news/2012-12-17/apples-shares-decline-below-500-for-first-time-since-february.html
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