Apple Shares Stumble Ahead Of Product Launch Next Week
Apple Inc shares were on track Wednesday for their worst day since January ahead of the launch of its newest iPhone, with at least one brokerage mulling a stock downgrade unless its new products show better promise for profit growth. The stock lost $3.57 to $99.15, with 87 million shares changing hands, already exceeding its 50-day moving average of 45.8 million shares traded daily and putting it on track for one of its busiest days of the year.
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