Apple Stock Tumbles Most in 10 Months in 60 Second

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Apple Inc. (AAPL) shares plunged almost 5 percent during a 60-second swoon that started 20 minutes after trading began today, falling the most since January before paring half the loss almost as quickly.

About $40 billion of market value was erased and then mostly restored as shares of the Cupertino, California-based iPhone maker slumped along with other technology stocks. The decline was fastest between 9:50 a.m. and 9:51 a.m., when more than 6 million Apple shares traded at pricesfrom $117 to $111.27 in more than 30,000 different trades.

Reports Bloomberg

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