The Apple (NASDAQ:AAPL) iPhone is included in some of the most-searched for gadgets, according to Google’s year-end Zeitgeist report. For U.S. searches, the report reveals that the iPhone 5 was the most-searched for phone this year. This brings no big surprise to many, as the iPhone has always been a popular device and in 2012 had a little extra juice behind it because it was the first iPhone with a screen size bigger than 3.5 inches and 4G LTE. Apple products continued to catch attention, as the iPhone 4S was the second-most searched for terms in the phones category.
Apple (AAPL) stock is moving down today, following the broader decline in technology sector.[article_detail_ad_1]
Elsewhere in the tech sector, Microsoft Corporation (NASDAQ:MSFT) was also facing a decline today after the company announced that Craig Mundie, chief research and strategy officer, is handing over responsibilities as he prepares to retire in 2014.
Where the Microsoft (MSFT) stock stands now?
The stock closed at $27.06, down -0.39 points or -1.42% from previous close and at a distance of +0.11% from 20-day simple moving average. In the last trading session, the stock’s price moved -8.28% below its 200 day moving average, changing hands as low as $27.00 per share. The stock is currently trading -2.42% down its SMA 50.
The share price performance over the last 12 months
The percentage change in the price over the past fifty two weeks remained at +3.92%. The price range in the same period had a highest hit of $32.95 on Mar 16, 2012 while lowest level during that period was $25.76 on Dec 28, 2011. The 1-year target price estimate, which is the median price target, as set by analysts covering the stock is $35.00. The stock in last 12 months gained 8.02% and has advanced 7.17% since the beginning of this year.
How the market shifts persuade this stock?
This stock is more risky when compared to the shifts in the equity markets as its beta value is standing at 0.98. To measure price-variation, we found this stock’s volatility over a week period was 1.65% and for the month was 1.76%.
Need expert advice?
The analyst mean recommendation for this week has been changed to 2.0 from 1.9 in the last week. The price target of $28.00 was the lowest while the highest price target was set as $40.00, according to 34 analysts surveyed by Thomson Reuters.
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