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Recent Factors that Impacted Apple Stock

Adam Rogers
Recent Factors that Impacted Apple Stock

Apple (AAPL) stock fell 5.7% in the week ended April 20, closing at $165.72 per share. Apple’s stock price fell more than 3.0% in pre-market trading on April 19 after it was revealed that TSMC is expecting revenues of $7.8 billion–$7.9 billion in the quarter ended March 2018. The stock prices of Apple’s peers Amazon (AMZN), Google (GOOG), and HP Inc. (HPQ) generated respective returns of 6.7%, ~4.3%, and -1.1% in the week ended April 20.