Investors Cut Another Slice out of Apple
Friday was another down day for Apple shares — a brutal one, too. Anxious investors took the company for a trip to the woodshed, dragging its share price down another 2.5 percent, or $14.46, to close at $572.98. Apple shares have declined about 11 percent since hitting their all-time high of $644 on April 10. In other words, it’s a correction.
At least until next Tuesday when Apple reports earnings … then it might be better classified as profit-taking.