Apple's Stock Has Plunged 25% in Just Over One Month Amid Coronavirus Pandemic

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Apple's stock opened at $241.31 today, down over 25 percent from a closing price of $327.20 on February 12. After the opening bell, stock market trading was automatically suspended for 15 minutes due to an over seven percent decline in the S&P 500.


Apple's stock price has seen wild fluctuations due to the COVID-19 coronavirus pandemic, with shares now rebounding above $250 on the intraday market.



Article Link: Apple's Stock Has Plunged 25% in Just Over One Month Amid Coronavirus Pandemic
 
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djcerla

macrumors 68000
Apr 23, 2015
1,804
7,458
Italy
AAPL had historically sold off 50% or more in multiple occasions.

TSLA is already there, and other stocks like Royal Caribbean are down 70%.
 

metalsiren

macrumors 6502a
Oct 28, 2017
561
613
all stocks are going to ****, except places like Walmart, Target, those will prob do good since their business is WAY up
 

PlayUltimate

macrumors 6502
Jul 29, 2016
371
444
Boulder, CO
On the bright side, the sell-off was not due to economics but fear. Hopefully the FUD from the pandemic will pass before too much long-term harm is caused. Currently the CDC is stating 2 more months of isolation. That will cause some serious harm for many. But many more are still working and collecting paychecks.
 

nt5672

macrumors 68020
Jun 30, 2007
2,016
4,368
Remember that for every stock sale, someone has to buy. Wonder who all of those buyers are? We certainly have a record number of them. I'm guessing some really smart wealthy people that can afford to invest long term.

This is a made up crisis that was formulated to rid people of their investments and restrict freedom by enacting new laws that otherwise could not get passed.

Not saying this version of the flu is not bad, or that a lot of people will not die, but that this crisis is not the end of the world. We have had media created world ending flue crisis in something like 6 of the last 10 years (SARS, N1H1, etc.)

People need to use some critical thinking.
 

JimmyBanks6

macrumors 6502
Oct 4, 2017
284
1,236
Remember that for every stock sale, someone has to buy. Wonder who all of those buyers are? We certainly have a record number of them. I'm guessing some really smart wealthy people that can afford to invest long term.

This is a made up crisis that was formulated to rid people of their investments and restrict freedom by enacting new laws that otherwise could not get passed.

Not saying this version of the flu is not bad, or that a lot of people will not die, but that this crisis is not the end of the world. We have had media created world ending flue crisis in something like 6 of the last 10 years (SARS, N1H1, etc.)

People need to use some critical thinking.
You, of course, know better than the pandemic and medical professionals from the WHO?

Take your head out of the sand, this is extremely dangerous mentality and can lead to unnecessary deaths.

Absolutely disgusting and shameful.
 

oneMadRssn

macrumors 603
Sep 8, 2011
5,152
11,996
Europe
Remember that for every stock sale, someone has to buy. Wonder who all of those buyers are? We certainly have a record number of them. I'm guessing some really smart wealthy people that can afford to invest long term.
That's not really how it works. Just because there are shares of stock being sold, it doesn't mean that there was real investor buyer and seller demand for that instrument (at that point in time). Markets have dedicated middlemen called Market Makers (NASDAQ) or Specialists (NYSE), who are responsible to make sure that there is always someone to buy or sell; this ensures that all instruments have sufficient liquidity. During an investor rush sell shares, it's possible for the Market Maker / specialist to accumulate large number of shares, without end-investors like you or I being involved on both sides of the same transaction. That's their purpose.
 

ArtOfWarfare

macrumors G3
Nov 26, 2007
8,702
4,328
Still too expensive. At $220 I could consider getting back in, but they're currently up 35% in the past year.

Apple's sales volume fell over the last year. Increasing revenue by raising prices is not a sustainable process (and even if it was, it still doesn't justify a 35% increase).
 
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sw1tcher

macrumors 68000
Jan 6, 2004
1,690
2,118
I'm thankful that I had not invested in stocks.

Absolutely devastating for people that have lost their savings.
There's more than 1 way to make money in the stock market than just buying stocks.

When the market's going down, you can buy and sell puts or sell calls too.

In the long run (that's how you need to look at it), you'll get a bigger return on your money in the stock market than putting your money in a bank (CD, Savings) or under your mattress.
 
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Zwhaler

macrumors demi-god
Jun 10, 2006
6,796
1,096
This is a made up crisis that was formulated to rid people of their investments and restrict freedom by enacting new laws that otherwise could not get passed.

Not saying this version of the flu is not bad, or that a lot of people will not die, but that this crisis is not the end of the world. We have had media created world ending flue crisis in something like 6 of the last 10 years (SARS, N1H1, etc.)

People need to use some critical thinking.
History is not going to reflect well on this comment.
 

Erehy Dobon

macrumors 65816
Feb 16, 2018
1,018
941
No service
Remember that for every stock sale, someone has to buy. Wonder who all of those buyers are?
Apple is probably one of the major buyers. They have an active stock buyback program.

Apple doesn’t do tender offers and I think they ditched their ASR arrangement several years ago thus leaving them to purchase on the open market.

Warren Buffett is another possible buyer. Institutional holders own about 61% of float (as of December 31). Berkshire-Hathaway has just over 5% of outstanding AAPL shares. The other big holders are familiar: Vanguard, Blackrock, State Street, FMR.
 
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cocky jeremy

macrumors 601
Jul 12, 2008
4,410
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Columbus, OH
You, of course, know better than the pandemic and medical professionals from the WHO?

Take your head out of the sand, this is extremely dangerous mentality and can lead to unnecessary deaths.

Absolutely disgusting and shameful.
He's right. They're trying to pass some BS now to kill encryption now. Doing it "for the kids". :rolleyes:
 
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theluggage

macrumors 601
Jul 29, 2011
4,649
3,469
I should’ve pulled everything out 2 weeks ago. D’oh.
If any significant number of people had "pulled everything out" 2 weeks ago, the resulting crash would have put the current news to shame.

The problem is that the global economy is far too dependent on an "imaginary" value of assets that ceases to be valid as soon as any significant number of holders try to cash in...

Remember that for every stock sale, someone has to buy.
Actually, the market price tells you very little about the actual volume of sales - prices will tend to go down if people are reluctant to buy, or if a lot of people are shorting etc. You'll notice that they never report any sort of "turnover" figure (for the same reason that casinos don't have people standing by the blackjack table advising people about the odds...)
 
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