Watching Apple’s stock today was like watching someone jump off a tall building and onto a trampoline. Here’s hoping a coworker didn’t ask you to take his graveyard shift while you viewed the price graph — he might’ve thought you were nodding yes.
Apple’s share price rose today as a result of several positive analyst reports…then plummeted dramatically. Then started climbing up again. Then dipped. Then climbed a little more. Yahoo! Finance reports the stock’s range for day was $153.21 to $171.88. That’s $18.67. In one day. Up and down. And Apple didn’t even make any major announcement (this doesn’t count).
It’s just…I don’t…jeezus. Talk about highs and lows. A psychiatrist would want to prescribe Apple’s stock medication for bipolar disorder. Any shareholders out there suffer a heart-attack from the dramatic adjustments?
(Disclaimer: Dan Pourhadi recently sold his Apple stock, but really, really wishes he hadn’t.)
Same with VMWare. It had a $12 spread today! Too bad it closed at -$4, instead of the +$7