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You are here: Home / Apple Inc / Apple stock drops after Goldman Upgrade

Apple stock drops after Goldman Upgrade

October 12, 2007 by Michael 2 Comments

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Yesterday afternoon, Apple’s stock took a 4.5 point drop (or 2.7%) after both a spike that brought the company up over $170 a share, and an upgrade from Goldman Sachs for “across the board” strength in the Mac line. Sachs raised Apple’s target price from $165 to $190 and recommended to their clients that they buy into the Cupertino based company.

Some attribute the price drop to be a result of stock holders selling off shares to take profits from their stock. As the market opened today, Apple stock was trading at 162.23

Filed Under: Apple Inc

Comments

  1. L R says

    October 12, 2007 at 2:53 pm

    The majority of the market panicked yesterday. And tanked. It started with a warning about Baidu, then spread throughout tech. To call it profit taking is oversimplifying what happened.

    Reply
  2. AH says

    October 14, 2007 at 1:23 am

    Wow thats strong! http://www.myeclinic.com

    Reply

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