Scotiabank Downgrades Apple (NASDAQ:AAPL) Stock to…
From Barchart: 2025-05-02 16:06:00
On May 2, 2025, Scotiabank downgraded Apple’s stock (NASDAQ:AAPL) to a “Perform” rating, with a stock price of $205.35. Despite facing competition from tech giants like Samsung and Google, Apple remains a dominant player known for innovative products like the iPhone and Mac.
Despite challenges, Apple’s long-term outlook is strong according to IDC’s senior director Nabila Popal. The stock price decreased by 3.74% to $7.97, fluctuating between $202.16 and $206.99 during the trading day.
Apple’s stock has seen fluctuations over the past year, ranging from $169.21 to $260.10, reflecting market reactions to various factors. With a market capitalization of around $3.08 trillion, Apple maintains a strong position in the market.
Trading volume for Apple today is 91.85 million shares on the NASDAQ exchange, indicating active investor interest. As investors closely monitor Apple’s performance amidst challenges, the company continues to navigate its position in the tech industry.
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