Apple Inc. (NASDAQ:AAPL) close to its 52-week low- GOOG, XOM
Northern, WI 04/02/2013 (avauncer) - Apple Inc. (NASDAQ:AAPL) (Current $436.58, Up by 1.85%). The stock opened the session at $441.90, touched a high of $443.70 and dropped as low as $427.74. The stock is trading nowhere near its 52-week high of $697.80. AAPL’s 52-week low is $419.0. The stock traded volume of 13.92 Million on April 1, 2013 lower than its average trading volume of 15.95 Million. APPL is sitting on a cash pile of $137 Billion. However, the company is not inclined to return this to its shareholders in the form of dividend or share repurchase. This makes the stock neither a growth stock nor an income stock. This in turn makes it difficult to convince investors in investing in AAPL. Further, a stock which reached a $1000-mark and is now hovering around $442 is not reason enough to buy the stock. The stock is selling cheap but it could get cheaper. Thus, there should be a legitimate reason for buying a cheap stock apart from its low price.
Google Inc. (NASDAQ:GOOG) (Current $809.32, Up by 1.01%). The stock opened the trading session on April 1, 2013, at $795.01, touched a high of $802.25 and plummeted to $793.25 during the session. The stock traded 1.81 Million volumes during the session, lower than its average trading volume of 2.24 Million. Google is a dominant player in both the computer and mobile search engine market. Google is one of the leading internet companies; however, off late it has been struggling with get adapted to mobile world. Through its operating system, Android, the tech company has led the competition from the front yet a lot remains to be done.
Exxon Mobile Corporation (NYSE:XOM) (Steady at $90.74). The stock opened the trading session at $90.13 on April 1, 2013, dropped as low as $89.98, and touched a high of $90.99 during the session. The stock traded volumes of 9.42 Million, lower compared to its average trading volumes of 13.25 Million. The stock is hovering around its 52-weeks high of $92.50 and is trading way above its 52-weeks low of $75.67. On March 29, 2013, the company excavated its Arkansas’ site to find out the reason which caused the leak on the site.