Create an account


Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
AppleInsider - Apple closes above $2T the day after tech industry sell-off

#1
Apple closes above $2T the day after tech industry sell-off

Apple on Friday regained a market valuation above $2 trillion after briefly losing it Thursday in a large-scale tech industry stock sell-off.

The AAPL share price closed at $120.96 at end of trading, up 0.066% on the day. Apple’s stock price hit a low of $111.17 in intra-day trading on Sept. 4, representing a 7.44% bleed since trading began.

Apple’s reclaiming of a $2 trillion valuation comes the day after it bled nearly $180 billion in market capitalization. On Thursday, Apple’s share price was down nearly 8% in intra-day trading amid a broad sell-off of tech stocks. It marked the worst day of trading for technology stocks since a coronavirus plunge in March, in which Apple saw a 12.5% drop.

According to MarketWatch, Apple’s plunge was the worst one-day loss in value for any company ever. Tech stocks led the self-off, and all three major indices showed major losses across other segments.

The dip Thursday follows several months of steady growth for the Cupertino tech company and several quarters of better-than-expected earnings. Apple became the first U.S. company to hit a $2 trillion valuation on Aug. 19, 2020. Apple’s share price is still up nearly 113% since a coronavirus-sparked low on March 23.

Apple’s current share price has been readjusted due to the recently completed four-for-one stock split on Aug. 31. The split gave each shareholder three additional shares for every one held, each at 25% of their original value.



https://www.sickgaming.net/blog/2020/09/...-sell-off/
Reply



Forum Jump:


Users browsing this thread:
1 Guest(s)

[-]
Discord

[-]
Active Threads
News - Switch eShop Confirms Sherlock Ho...
Last Post: xSicKxBot
Today 06:08 AM
» Replies: 0
» Views: 26
News - The So-Called BioWare Magic Is "B...
Last Post: xSicKxBot
Today 06:08 AM
» Replies: 0
» Views: 3
News - Wario And Waluigi Will Have A Bat...
Last Post: xSicKxBot
Today 02:34 AM
» Replies: 0
» Views: 8
News - Battlefield 2042 Adds Zombies Mod...
Last Post: xSicKxBot
Today 02:34 AM
» Replies: 0
» Views: 4
[Tut] How to Remove a Trailing Newline?
Last Post: xSicKxBot
Yesterday 10:54 PM
» Replies: 0
» Views: 11
(Indie Deal) S.T.A.L.K.E.R.: Bundle & Di...
Last Post: xSicKxBot
Yesterday 10:54 PM
» Replies: 0
» Views: 4
(Free Game Key) Relicta - Free Epic Game...
Last Post: xSicKxBot
Yesterday 10:54 PM
» Replies: 0
» Views: 6
Mobile - Dying Light dockets – weapons, ...
Last Post: xSicKxBot
Yesterday 10:54 PM
» Replies: 0
» Views: 2
Announcing .NET MAUI Preview 12
Last Post: xSicKxBot
Yesterday 10:54 PM
» Replies: 0
» Views: 5
Microsoft - Destructive malware targetin...
Last Post: xSicKxBot
Yesterday 10:54 PM
» Replies: 0
» Views: 4

[-]
Twitter



Discord Server © SickGaming.net 2012-2021