Fortune is reporting that Apple’s stock took a strange nosedive at around 1:39pm ET today. Andy Zaky of Bullish Cross wrote:
“The selling is not normal just for negative news. There was a huge spike where dollars were being skipped in the selling. I saw Apple tick from $351.70 to $349.00 within seconds. There’s something else. The selling was not normal. That’s for sure. It wasn’t orderly. Take a look for yourself.”
The price recovered but is now falling again. While initially attributed to the lower than expected Verizon iPhone turnout, Stock Tic Toc is attributing the AAPL selloff to a Steve Jobs in the hospital rumor (unlikely true).
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