updated 12:13 pm EDT, Tue May 28, 2013
Lowest point hit immediately ahead of Q2 results
Deep plunges in Apple's stock price during the month of April can be blamed on short-sellers, notes Fortune. Between the 15th and the 30th, short interest in Apple doubled to a record 41.6 million shares. That caused pricing to fall substantially; just before the company's Q2 results were announced, Apple stock sat barely over $385, a level unseen since 2011. Shares rebounded substantially later in the month, and currently sit closer to $445.
Investors have grown more pessimistic about Apple stock during the past several months. Decline from a peak price over $700 has been blamed on multiple factors, like lower-than-expected iPhone 5 sales and a more conservative guidance strategy by Apple. To try to appease shareholders, the company has laid out a plan to return $100 billion to them by 2015 through share buybacks and increased dividend payments.