AAPL Stock – Apple Shares Breaks Below $500

by Karl Utermohlen | January 29, 2014 1:45 pm

AAPL Stock – Apple Shares Breaks Below $500

Apple (AAPL[1]) had a rough morning with AAPL stock taking a tumble Wednesday following the company’s earnings report[2].

Apple 256x300 AAPL Stock   Apple Shares Breaks Below $500[3]Company stock was selling at a per-share price of $500 earlier today after the company released its fiscal Q1 report[4]. 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[5]) Ittai Kidron cut AAPL stock to ‘Perform’ from ‘Outperform.”

Raymond James’ (RJF[6]) Travis McCourt also downgraded the stock, cutting it to ‘Outperform’ from ‘Strong Buy.’

AAPL stock is down 1% Wednesday.

Endnotes:
  1. AAPL: http://studio-5.financialcontent.com/investplace/quote?Symbol=AAPL
  2. earnings report: http://investorplace.com/2014/01/aapl-apple-stock-tech-stocks/#.UulJu6iwXRE
  3. [Image]: http://investorplace.com/wp-content/uploads/2013/12/Apple.jpg
  4. fiscal Q1 report: http://blogs.barrons.com/techtraderdaily/2014/01/28/this-morning-two-apple-downgrades-cirrus-sells-off-comcast-check-point-rising/
  5. OPY: http://studio-5.financialcontent.com/investplace/quote?Symbol=OPY
  6. RJF: http://studio-5.financialcontent.com/investplace/quote?Symbol=RJF

Source URL: http://investorplace.com/2014/01/aapl-stock-apple-2/
Short URL: http://invstplc.com/1bamUey