Apple (AAPL) Spikes Lower; Down 4.4%

(Updated - December 1, 2014 10:06 AM EST)

Apple (NASDAQ: AAPL) stock is under heavy pressure. Shares down 4.5%.

UPDATE: It is unclear if the downside action was related to a fat finger trade, algorithmic trading or something else. Earlier, Morgan Stanley downgraded the technology sector from overweight to market-weight and trimmed 1% from their AAPL position, although that does not entirety explain today's move.

Shares of Apple were down as much as 6.4% at 9:50AM, to $111.27, before recovering. Shares last traded down 3% to $115.40.

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