Apple stock dips below $400 before rebound
Apple's shares finally sagged below the $400 point.
Just before 10 a.m. PT today, the stock dipped below that round number, if only momentarily, crossing a threshold that seemed unlikely when it was high and mighty at more than $700 a share last September. That registered as the day's low of at $398.11, though the stock quickly rebounded to around the $403 mark.
Apple's shares closed the day at $402.80, a drop of 5.5 percent from the previous day's close.
Some Wall Street analysts put the blame on a disappointing quarterly forecast … Read more