Apple on Friday regained a market value of over 2 trillion dollars after losing it on Thursday in a large-scale share sale of the technology industry.
The AAPL stock closed at $ 120.96 at the close of trading, up 0.066% on the day. Apple’s share price reached a low level of $ 111.17 in trading by the 4th of September, representing a bleeding of 7.44% since trading began.
Apple’s $ 2 trillion recovery comes the day after it blew nearly $ 180 billion in market value. On Thursday, Apple’s share price was down to almost 8% in trading within days in the middle of a broad sale of technical shares. It marked the worst trading day for technology stocks since a coronavirus plunged in March, with Apple seeing a 1
According to MarketWatch, Apple’s plunge was the worst loss in a day in value for any company ever. Technical equities led the way, and all three major indices showed large losses across other segments.
Deep Thursday follows several months of steady growth for Cupertino technology companies and several quarters with better earnings than expected. Apple became the first US company to reach a valuation of $ 2 trillion on August 19, 2020. Apple’s share price is still up almost 113% since a low coronavirus on March 23.
Apple’s current share price has been adjusted due to the recently completed share split four-for-one on 31 August. The division gave each shareholder three additional shares for each holding, each at 25% of the original value.