Apple shares tumbled around 10% in Friday afternoon trading, marking the tech giant’s worst single-day post-earnings sell-off since January 2013, after the company issued weaker-than-expected guidance. The sharp decline left shares hovering slightly above the psychologically vital $300-per-share threshold. The violent gap down forced a decisive break below Apple’s 50-day moving average at $309.33, severing a key short-term support line, though the broader multi-month trend remains intact with shares still trading above the 100-day moving average at $288.45 and the 200-day moving average at $277.62. Momentum indicators highlighted the severity of the institutional exit, with the stock's 10-day rate of change plunging to -9.98%, its sharpest short-term velocity drop since April 2025, while the relative strength index fell to 39.20 and the MACD indicator confirmed a fresh bearish crossover into negative territory.
Apple Inc.Apple issued weaker-than-expected guidance, causing a 10% stock plunge.