Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Twitter Jumps a Technical Level Midday; Apple Slips to 3rd in Market Cap

Published 12/11/2018, 11:15 AM
Updated 12/11/2018, 11:15 AM
© Reuters.

Investing.com - Twitter was sharply higher midday as the stock moved above a key technical level.

Shares of Twitter (NYSE:TWTR) rose about 5.5% at 11:15 AM ET (16:15 GMT).

The stock moved above its 200-day moving average, entering territory it last held at the end of August.

Shares also rose above the psychological $35 level. Closing above that would be a significant bullish signal, according to traders.

Meanwhile, Apple (NASDAQ:AAPL) was down about 0.5%, falling into third place in the most valuable U.S. company race behind Microsoft (NASDAQ:MSFT) and Amazon (NASDAQ:AMZN). Apple’s market cap was just around $800 billion.

The company is now down about 2% year on year and down more than 25% from its peak on Oct. 3, when its market cap was more than $1 trillion.

The recent decline is largely due to concerns over slowing iPhone sales and worry over production as the U.S. and China trade war has sent jitters throughout the technology sector.

The S&P 500 Information Technology index was up about 0.8%.

Latest comments

they deserve
apple deserves to tank with the phones they've been putting out lately and I don't know if apple can continue to compete with Microsoft when it comes to PC's and what not though the company is very strong still I don't see it really going down hill too much for the next couple years but it's possible their lack of creativity in their products could lead to people moving to Microsoft and Android on top of the trade war that's going on but I think the trade wars effects will be mostly temporary on the stock price
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.