Apple (AAPL) Under Scrutiny
Since the end of November Apple (AAPL) stock has taken a dive from being over 93 to its current 80. That is about a 14% drop in 4 weeks for the ipod maker.
Much of the pressure AAPL is receiving is due to its options practices, and this is not the first time. This time, CEO Steve Jobs has allegedly received an option grant that was not board approved–though it was supposed to be approved.
Friday, things seemed to get cleared up and AAPL jumped up almost 5%. So it looks like this story should end up much ado about nothing.
Written by Nagel on December 30th, 2006 with no comments.
Read more articles on Stocks.