Apple Shares Lower After House Panel Seeks Records, Analyst Cuts Target -- Update
September 13 2019 - 3:13PM
Dow Jones News
By Stephen Nakrosis
Apple Inc. (AAPL) shares are trading lower in Friday's market,
following news U.S. lawmakers are seeking emails from tech
executives and after Goldman Sachs cut the company's price
target.
At 2:40 p.m. ET, the company's shares were trading 1.75% lower
at $219.24. Volume was over 30 million shares, above the 65-day
average volume of 25.6 million.
Apple was among the tech companies who were asked by the House
Judiciary Committee examining the industry to provide documents,
including emails, financial statements and executive
communications.
Before the bell Friday, Goldman Sachs cut its price target on
Apple to $165 from $187 a share, as reported by Benzinga.
Later in the day, according to CNBC, Apple said it disputed
Goldman's assessment, which said the offer of a free trial of Apple
TV+ would have a "negative material impact" on earnings.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
September 13, 2019 14:58 ET (18:58 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Apple (NASDAQ:AAPL)
Historical Stock Chart
From Aug 2024 to Sep 2024
Apple (NASDAQ:AAPL)
Historical Stock Chart
From Sep 2023 to Sep 2024