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Feb. 24, 2021, 12:19 p.m. EST

Apple stock bounces sharply off its low but still loses ground, again

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By Tomi Kilgore

Shares of Apple Inc. /zigman2/quotes/202934861/composite AAPL +0.53% have bounced sharply off its intraday low but was still trading lower, for a second-straight session, even as the rest of the technology sector has turned higher. Apple's stock slipped 0.9% in midday trading, but pared earlier losses of as much as 2.9% at the intraday low of $122.23. On Tuesday, the tech behemoth's stock closed down just 0.1% at $125.86, after being down 6.0% at the intraday low of $118.39. Meanwhile, the tech-heavy Nasdaq 100 /zigman2/quotes/210598364/realtime NDX +0.78% rose 0.3% on Wednesday, to reverse an earlier loss of as much as 1.7%; on Tuesday, the index pared an intraday loss of 3.5% to close down 0.2%. Apple's stock was headed for a third straight loss, its sixth loss in seven sessions and ninth loss in 11 sessions. It has now shed 12.8% since closing at a record $143.16 on Jan. 26, while the Nasdaq 100 has lost 1.9% over the same time and the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.74% has gained 1.6%.

US : U.S.: Nasdaq
$ 130.21
+0.69 +0.53%
Volume: 78.97M
May 7, 2021 4:00p
P/E Ratio
Dividend Yield
Market Cap
$2172.90 billion
Rev. per Employee
US : U.S.: Nasdaq
+105.90 +0.78%
Volume: 576,230
May 7, 2021 5:16p
+30.98 +0.74%
Volume: 2.05B
May 7, 2021 5:15p

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