Apple’s stock again mysteriously drops sharply on no apparent news

“Apple shares sold off sharply on Tuesday in afternoon trading on no apparent news,” Reuters reports.

“The stock fell about 2.5 percent on heavy volume to around $443 in afternoon trading while the Dow and the Nasdaq remained positive,” Reuters reports. “Apple is expected to release a line of new products, including its next generation iPhone and iPad, this Fall. However, the company is widely believed to also be unveiling a product in an entirely new category at the end of the year which many speculate is a smart TV.”

AAPL chart, May 14, 2013

Read more in the full article here.

MacDailyNews Take: Sleep tight, SEC.

[Thanks to MacDailyNews Reader “JES42” for the heads up.]

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So, who dumped 800,000 shares of AAPL in the last second of trading on Friday? – January 26, 2013
Apple stock experiences mini ‘flash crash’ – February 10, 2011
Did Apple stock today suffer its own personal mini flash crash? – September 28, 2010
Did manipulators use Apple stock to cause the markets’ May 6th ‘Flash Crash?’ – June 8, 2010
SEC looks at market makers in May 6th ‘Flash Crash’ stock market plunge – May 20, 2010
What’s behind unusual trading in Apple – March 26, 2012
What caused Tuesday’s sharp drop in Apple’s stock price? – September 29, 2010
Did Apple stock today suffer its own personal mini flash crash? – September 28, 2010

44 Comments

      1. If Apple’s worth only $240, then its worth the same as Netflix. That’s calling Apple practically worthless if you ask me. Netflix is being given a P/E ratio of 600.

        A $10 drop is next to nothing in the total scheme of things, but it’s darn annoying to see ONLY Apple taking all the lumps.

  1. Yes, the SEC is in a coma. Tim and the Apple board had a lot of time to fix this with 1 or 2 billion in buy backs today. They did not. No battle should be ignored. The will be back to pull cash from AAPL shares because Apple let it happen again. 7 months of this and Tim and the Apple board have learned nothing. If Apple will not buy AAPL then why should anyone else. I did not need another hit in my 401K. They will be back because Apple left the bank door open and they now know that they can load the trucks up after selling AAPL again! “Sleep tight,” in Cupertino, CA.

    1. Don’t blame them because you didn’t sell your AAPL when you had a chance. 705 down to 385! What part of that don’t you understand? You keep blaming everyone else but yourself. No one else owns your shares of AAPL. Buy low. Sell high. Read that and remember it. It’s called a profit on your investment. That’s why you invested originally. Or do like some here have done, buy and hold forever and pray that it comes back to your original purchase price someday. That is no strategy. It’s your choice. And it was your choice. And you made a decision. Don’t blame everyone else for your inability to understand the number one rule of investing. Invest to make a profit. Enough!

      1. I see you are a psychic genius. I am a long time owner and investor in AAPL. I have bought and sold through the two prior crashes of Apple’s stock in 2000 and 2007. They look like speed bumps now.

        It is different this time. This time, Apple had the resources to defend the value of their shares which is an obligation they have to their share holders. They let this happen for 7 months and made several mistakes during this time. Many issues still remain including the lack of any kind of effective advertising. They are resting on the reputation that already existed and do little to reach out to new users. Apple survives despite their lack of management.

        1. I keep saying to myself that Apple has an awful lot of idle money sitting around. Why wouldn’t Apple do more advertising to stop the bleeding (if that’s actually true). What’s the point of hoarding all that money. I look at it as if you’re on a battlefield, you wouldn’t keep trying to save bullets as the enemy closes in on your position when you’ve got millions of rounds of bullets to use. I’ve come up with some weird analogy, but I’d want to load all my bullets in a Gatling gun and just obliterate the enemy. I can no longer tolerate Google and Android and I’d like to see them put to rest once and for all.

        2. No, I’m no genius. Just smart enough to know that at some point an intelligent human being takes a profit in whatever they’re invested in. I doubt seriously that you have sold in the past, or you would not be in such a bad position this time. And you wouldn’t have to complain constantly. You would, as you have said, be retired now. But I’ll bet you take your profit if Apple goes up high enough again. And I too have been a long time AAPL investor. AAPL ran up too high too fast last summer. Something that underwater investors just absolutely refuse to acknowledge. Apple has competition now so they don’t have the entire world to themselves anymore. Again, something that underwater investors can’t admit. It doesn’t matter if it is competition that copies your products,the only thing matters is that you have stiff competition. But Apple has always been smart enough to know that competition would come. They just didn’t expect it to be that fast. And that’s successful. You’re right, Apple did make mistakes during the last 7 1/2 months. But the share buyback and increased dividend was a positive move. We do agree on not defending themselves and the lack of effective advertising. That’s just plain wrong. That is a huge failure on the part of Apple.

          1. Explain why you think 700 is too high for Apple? If the entire S&P 500 traded at Apples valuation tomorrow there would be people leaping from buildings. Apple is not overpriced at 700 ….Enough!

        3. The company has to announce their buy back purchases a specific time in advance. They are NOT permitted to just jump in and buy shares when they want. You don’t know what you are talking about.

    2. Did you look at the volume charts? If so, how do you know for certain that Apple isn’t buying back cheaper shares this afternoon than had they bought in the morning? Perhaps they bought back all throughout the day.

      1. When this level of pressure is put on the stock, they look weak inviting more in days to come without an overwhelming buy back holding the line near the price it opened at. They learned nothing in7 months of the same daily assaults.

        Good night.

    1. Apple has not released anything in the past 24 hours that is both awe inspiring and stunning. This is proof that Apple has lost its edge in technology and capacity of innovation.

  2. I thought it was the:

    Gartner Apple falls below 20% marketshare

    and/or

    AAPL belongs at $240 report from earlier today…

    I know, both bogus, but rarely does AAPL respond to anything legitimate anymore… If they did, they’b be back at $700.

  3. CNBC claimed that someone (not sure who) heard a report that the iPhone 5S would be delayed from June to Sept. as the reason for the drastic drop late in the trading day.

  4. Uh, in terms of no apparent news, didn’t Gartner just announce that the iPhone marketshare has dropped below 20%?

    And isn’t that a few headlines below this one?

    I’d say that would be cause for alarm by some.

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