“Since Christmas Eve, shares of Apple have been looking pretty ugly and I’m not quite sure what to make of it,” Chris Ciaccia reports for TheStreet. “Maybe there is concern over the company’s deal with China Mobile (though I’m not 100% sure why there would be concern), or perhaps some concern about the upcoming quarterly results, but Apple didn’t participate in the year-end Santa Claus rally.”
“Even though 2014 is just two trading days old, the trend has continued, with more red for the Cupertino, Calif.-based Apple,” Ciaccia reports. “According to Bespoke Investment Group, Apple has never started out a trading year down two days in a row. This might break that streak, with shares off 1.4% to $545.54.”
Read more, and see the chart, in the full article here.
Related article:
Stocks fall in worst first trading day since 2008 – January 2, 2014