Apple stock suffers biggest 2-day selloff in 20 months
Shares of Apple Inc. AAPL, -2.69% sank 4.7% in afternoon trading Thursday, putting them on track to close at a seven-month low. After sinking 5.2% on Wednesday, the technology behemoth's stock has now lost…
From the Equity Insider archive. This article dates from May 13, 2022 and is preserved as first published.
Shares of Apple Inc. AAPL, -2.69% sank 4.7% in afternoon trading Thursday, putting them on track to close at a seven-month low. After sinking 5.2% on Wednesday, the technology behemoth’s stock has now lost 9.6% in two days, the worst two-day performance since it dove 9.9% in the two days ended Sept. 3, 2020.
7% in afternoon trading Thursday, putting them on track to close at a seven-month low.
Apple shares have been dragged lower, albeit somewhat belatedly, by the selloff in the broader stock market and technology sector in particular. The stock has now tumbled 20.1% since the end of March, while the tech-heavy Nasdaq Composite COMP, +0.06% has shed 21.5% and the Dow Jones Industrial Average DJIA, -0.33% has dropped 9.8%.
