Apple Stock Plummets: AAPL Dives Over 7% in Afternoon Trade
April 4th, 2024 – Shares of technology titan Apple Inc (NASDAQ: AAPL) are experiencing a significant sell-off in today’s trading session. As of 2:45 pm GMT-4, the stock price had fallen sharply to 187.80 USD.
This marks a substantial decline of 15.39 points, representing a 7.57% drop for the day. The negative momentum is evident compared to the previous closing price of 203.19 USD.
Apple opened the trading day at 193.89 USD and reached an intraday high of 199.88 USD earlier in the session. However, persistent selling pressure pushed the shares down throughout the day, hitting a low of 187.34 USD, very close to the price recorded at the timestamp.
The intraday chart clearly depicts a downward trend initiating shortly after the market open, continuing relatively steadily through the morning and accelerating its decline in the afternoon hours.
This current price positions Apple significantly below its 52-week high of 260.09 USD, although it remains above the 52-week low of 164.08 USD.
Other financial data points available include a Price-to-Earnings (P/E) ratio of 29.85 and a dividend yield of 0.53%. Market participants are closely watching AAPL’s performance as the trading day continues.
