Technology content trusted by users in North America and around the world.
4,965 Articles | 29,991 Posts
Select Your Edition:  
Tweakipedia
A wealth of
tech information!

USA EditionYou are located: Home > All News > Business, Financial & Legal News > Apple stock punished in the wake of executive departure announcements

Apple stock punished in the wake of executive departure announcements

By: (more) | Business, Financial & Legal News | Posted: Oct 31, 2012 6:48 pm

Apple's stock has not come out of Hurricane Sandy looking very good. On Monday, right as the storm was coming into New York and shutting down the trading markets, Apple announced a change up in the executive line-up, saying that two executives would be leaving, with some current executives gaining expanded responsibilities.

 

apple_stock_punished_in_the_wake_of_executive_departure_announcements

 

Executive change-ups are not usually a good sign for a company, as a company that is doing well does not need to be changing their leadership. Investors finally got a chance today to show whether or not they were pleased with the changes and the stock shows that they aren't too happy with the idea.

 

At the time of writing, the stock is at $600.64, however the low for the day comes in at $587.70, which is lower than it has been since July. Apple will continue to have some problems as more companies enter the tablet market and as current competitors bring out stronger and stronger competitors.


SOURCE #1

Related Tags



Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

TweakTown News RSS FeedDo you get our news RSS feed? Get It! Got a news tip? Tell Us!

Post a Comment about this news



Check out our
RSS feeds!
  • Upcoming Content: Western Digital Scorpio Blue (WD5000LPVT) 500GB HDD Review
  • Upcoming Content: Scythe Mugen 4 Tower CPU Cooler Review
  • Upcoming Content: NZXT Grid 10 Port Fan Hub Review
  • Upcoming Content: Western Digital My Passport Edge for Mac 500GB External HDD Review
  • Upcoming Content: PQI Air Card 4GB Wi-Fi SDHC Review
  • Upcoming Content: LaCie CloudBox 1TB Personal NAS Review
  • Upcoming Content: Star Trek: The Next Generation - Season Three (1989) Blu-ray Review
  • Upcoming Content: Whatever happened to Comodo Time Machine?
  • Upcoming Content: MyDigitalSSD BP4 240GB mSATA Review


Business, Financial & Legal News Posts

View More Business, Financial & Legal News Posts


TweakTown Web Poll

Question: What new stuff are you most excited to see at Computex Taipei 2013?

Cases, Coolers & PSU’s

CPU's

Gadgets

GPU's & Video Cards

Keyboards & Mice

Laptops, Tablets & Phones

Motherboards & Chipsets

New Tech

SSD's & Memory

Booth Babes

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Business, Financial & Legal Press Releases

View More Business, Financial & Legal Press Releases