Apple (AAPL) Slammed as Clearing Firms Raise Margin Requirements
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Price: $335.62 +0.97%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.3%
Revenue Growth %: +10.4%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.3%
Revenue Growth %: +10.4%
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Shares of Apple Inc. (NASDAQ: AAPL) are weaker on word clearing firms are raising the margin requirement for clients.
StreetInsider.com confirmed that COR Clearing raised its margin requirement specifically on Apple from 30% to 60% Wednesday, citing a "high concentration."
Shares of Apple are down $17, or 2.95%, to $558.85.
StreetInsider.com confirmed that COR Clearing raised its margin requirement specifically on Apple from 30% to 60% Wednesday, citing a "high concentration."
Shares of Apple are down $17, or 2.95%, to $558.85.
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