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AAPL Stock: 130.42 ( + 1.63 )

Printed from http://www.macnn.com

Apple's April stock tumbles blamed on short-sellers

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.




by MacNN Staff

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Comments

  1. OldMacGeek

    Fresh-Faced Recruit

    Joined: 08-04-10

    And in other news, water is wet . . .

    :)

  1. Flying Meat

    Dedicated MacNNer

    Joined: 01-25-07

    Seems illegal, or at least morally repugnant to engage in such activities. Was this some sick trick to enliven a stagnant market? I don't get it.

  1. elroth

    Junior Member

    Joined: 07-05-06

    The sky is not falling - short traders did not make Apple stock go down. Somebody's crying wolf. The stock started going down before April 15th, and there were lots of rumors about Apple having bad financial results that quarter. People then started shorting more stock. Remember how much the stock went down after the previous quarterly results - people were betting on the same thing.

    None of these stories ever show how a $450 billion company's stock can be taken down so easily (they claim) by short-sellers. Conspiracy theories sell.

    Read all of these stories - they claim short selling caused the fall, but have absolutely no evidence, or even a step-by-step theory about how it happens that short selling takes down a $400 billion company's stock. It's nonsense - more than $12B of Apple stock is traded every day.

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