AAPL Stock – Apple Shares Breaks Below $500

AAPL stock has received two downgrades this morning

   

AAPL Stock – Apple Shares Breaks Below $500

Apple (AAPL) had a rough morning with AAPL stock taking a tumble Wednesday following the company’s earnings report.

Apple 256x300 AAPL Stock   Apple Shares Breaks Below $500Company stock was selling at a per-share price of $500 earlier today after the company released its fiscal Q1 report. Apple shares are selling for over $500 per share once again but several analysts have downgraded AAPL stock.

The tech giant sold less iPhones than expected and reported a revenue outlook that’s weaker than expected. Following the report, Oppenheimer’s (OPY) Ittai Kidron cut AAPL stock to ‘Perform’ from ‘Outperform.”

Raymond James’ (RJF) Travis McCourt also downgraded the stock, cutting it to ‘Outperform’ from ‘Strong Buy.’

AAPL stock is down 1% Wednesday.


Article printed from InvestorPlace Media, http://investorplace.com/2014/01/aapl-stock-apple-2/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.