Apple Inc. shares on Friday dipped into bear market territory. Apple shares fell 5.3% to $107.37 in recent trading, after hitting an intraday low of $107.04. That intraday low, compared with the stock’s 52-week high of $134.54 set on April 28, represents a 20.4% decline, where 20% is the recognized threshold for a bearish signal.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News