Apple (AAPL) Slammed as Clearing Firms Raise Margin Requirements
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Price: $442.14 +0.18%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 2.7%
EPS Growth %: -18.0%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 2.7%
EPS Growth %: -18.0%
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Shares of Apple Inc. (NASDAQ: AAPL) are weaker on word clearing firms are raising the margin requirement for clients.
StreetInsider.com confirmed that COR Clearing raised its margin requirement specifically on Apple from 30% to 60% Wednesday, citing a "high concentration."
Shares of Apple are down $17, or 2.95%, to $558.85.
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StreetInsider.com confirmed that COR Clearing raised its margin requirement specifically on Apple from 30% to 60% Wednesday, citing a "high concentration."
Shares of Apple are down $17, or 2.95%, to $558.85.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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