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Apple Inc faced a moderate decline over the past five days, losing 2.65 USD, or 1.15%, to close at 227.63 USD on February 7 at 7:59 PM GMT-5. The stock struggled to maintain upward momentum, amid tariff exchange between the U.S. and China.
During the latest trading session, Apple opened at 232.60 USD, suggesting initial optimism. However, the stock faced downward pressure, hitting a session high of 234.00 USD before retreating to a low of 227.26 USD.
After-hours trading saw a further dip, with Apple slipping 0.38 USD, or 0.17%, to 227.25 USD. The continued decline came after a potential investigation by Chinese regulators to check on App Store fees and other related features as tensions increased between the U.S. and China during this week due to imposition of tariffs.
Despite this, Apple maintained a market capitalization of 3.42LCr. The stock encountered a high of 234.00 USD, while support emerged around 227.26 USD, a level where buyers attempted to stabilize the price.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.