Apple's Stock Has Plunged 25% in Just Over One Month Amid Coronavirus Pandemic

Monday March 16, 2020 6:44 am PDT by Joe Rossignol

Apple's stock opened at $241.31 today, down over 25 percent from a closing price of $327.20 on February 12. After the opening bell, stock market trading was automatically suspended for 15 minutes due to an over seven percent decline in the S&P 500.

Apple's stock price has seen wild fluctuations due to the COVID-19 coronavirus pandemic, with shares now rebounding above $250 on the intraday market.

BREAKING: All U.S. stocks halted as S&P 500 plunges 7% https://t.co/SW5sJS1gxf pic.twitter.com/wKDDBUvl1c — CNBC Now (@CNBCnow) March 16, 2020

Tag: AAPL

Top Rated Comments

JimmyBanks6

14 months ago

Remember that for every stock sale, someone has to buy. Wonder who all of those buyers are? We certainly have a record number of them. I'm guessing some really smart wealthy people that can afford to invest long term.

This is a made up crisis that was formulated to rid people of their investments and restrict freedom by enacting new laws that otherwise could not get passed.

Not saying this version of the flu is not bad, or that a lot of people will not die, but that this crisis is not the end of the world. We have had media created world ending flue crisis in something like 6 of the last 10 years (SARS, N1H1, etc.)

People need to use some critical thinking.

You, of course, know better than the pandemic and medical professionals from the WHO?

Take your head out of the sand, this is extremely dangerous mentality and can lead to unnecessary deaths.

Absolutely disgusting and shameful.

Score: 22 Votes (Like | Disagree)

julesme

14 months ago

I'm thankful that I had not invested in stocks.

Absolutely devastating for people that have lost their savings.

It's devastating in the short term, but businesses like Apple will rebound and do fine in the intermediate term.

Score: 19 Votes (Like | Disagree)

Bunke101

14 months ago

I'm thankful that I had not invested in stocks.

Absolutely devastating for people that have lost their savings.

That’s not how it works. People haven’t lost anything until they sell. The foundations for this booming economy are all still there. There’s liquidity in the market and it will bounce back. Unlike past market drops, this one wasn’t created by a “bubble”. Now is the time to invest! “Buy low/Sell High”

Score: 6 Votes (Like | Disagree)

baryon

14 months ago

I'm thankful that I had not invested in stocks.

Absolutely devastating for people that have lost their savings.

That makes me wonder... shouldn't we be buying stocks now, knowing it will go back up after the virus is gone?

Score: 5 Votes (Like | Disagree)

Baymowe335

14 months ago

I'm thankful that I had not invested in stocks.

Absolutely devastating for people that have lost their savings.

This is all part of investing. Had you invested along the way, you'd still be up. The Dow was under 20,000 just 4 years ago anyway and was 6,600 briefly in 2008.

Score: 4 Votes (Like | Disagree)

az431

14 months ago

I'm thankful that I had not invested in stocks.

Absolutely devastating for people that have lost their savings.

Why would anyone "lose" their savings? Is the stock being taken away from people? You do know that stock prices go up and down?

Score: 3 Votes (Like | Disagree)

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