Apple (AAPL) Hits Fresh 52-Week Lows
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Price: $167.40 +1.28%
Revenue Growth %: +13.0%
Financial Fact:
Research and development: 75.67M
Today's EPS Names:
OCCI, MAYS, CRMT, More
Revenue Growth %: +13.0%
Financial Fact:
Research and development: 75.67M
Today's EPS Names:
OCCI, MAYS, CRMT, More
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Shares of Apple (Nasdaq: AAPL) hit fresh 52-week lows on Wednesday morning, breaching the previous low at $411. Shares are lower by over 4 percent, a moved tied to a combination of negative reports.
Of note, DigiTimes is reporting that Apple Q2 iPad Mini shipments may fall 20%-30%, citing sources. Traders are also discussing weak guidance from supplier Cirrus Logic Inc. (Nasdaq: CRUS). From a technical perceptive, a test of recent lows does not come as a surprise, and traders will be watching price action very closely.
Of note, DigiTimes is reporting that Apple Q2 iPad Mini shipments may fall 20%-30%, citing sources. Traders are also discussing weak guidance from supplier Cirrus Logic Inc. (Nasdaq: CRUS). From a technical perceptive, a test of recent lows does not come as a surprise, and traders will be watching price action very closely.
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