Apple Battles Back After Earnings Miss

Apple Inc.

shares are trading lower by $6.50 at $97.85 in Wednesday's session. The issue is being punished for its EPS miss of a dime and nearly a $1.50 miss for revenues. After a lower open, it continued lower only $0.32 before finding a bottom at $95.68 and began to move higher. That marks the lowest level for the issue since it bottomed on February 25 at $95.25. Many trading platforms are showing an erroneous print at $98.71 shortly after the open, but for intensive purpose the issue is trading at its high for the day at $98.53 and may be heading for the $100. It has a huge void in price action up until Tuesday's low ($103.91).