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Apple Tumbles To New Closing Low - Stock Now Down 27% From Peak

Apple Tumbles To New Closing Low -- Stock Now Down 27% From Peak

Henry Blodget
December 28, 2012 38 minutes ago

Apple stock got hit again today, falling 1% to $509.

That's the lowest close since the stock began its recent slide in September.

Apple is now down 27% from its peak.

Apple's market value has now lost about $175 billion. Thanks to Apple's massive size, that's more money than investors in Hewlett-Packard and Research In Motion have ever lost in those two stocks combined.

Of course, Apple has only fallen to a level that it first breached on the way up last winter. The stock is still up sharply this year, having entered the year at about $400.

What's going on?

Read more: http://www.businessinsider.com/apple-stock-low-2012-12#ixzz2...