Apple Stock Declines

Apple logo

CBJ – Apple shares took an unexpected decline at the start of trading on Monday, suffering the largest price drop in at least three months.

Uncharacteristically high sell orders were seen with more than 6.7 million shares trading in a one-minute window, resulting in the stock losing 3% in those 60 seconds.

Of concern to Apple and investors is that analysts have been unable to pinpoint exactly why this occurred, other than perhaps high-speed algorithmic trading programs that could possibly have gone awry.

@CanBizJournal

 

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