Apple Inc. (NASDAQ: AAPL) opened down about 10% Monday morning at $95.12. The last time the stock closed below $100 a share was in early October of last year. The impact of Apple’s share-price drop on the Nasdaq Composite and the DJIA will be significant.
Netflix Inc. (NASDAQ: NFLX) opened down about 14.5% Monday morning at $88.75. Shares were trading around that point in late May and early June of this year but closed at a high of $126.45 earlier this month.
Tesla Motors Inc. (NASDAQ: TSLA) opened down about 12.4% at $202.79 a share Monday morning.
Facebook Inc. (NASDAQ: FB) opened down more than 12% at $77.03.
Twitter Inc. (NYSE: TWTR) opened down about 9% and fell to a new 52-week low of $21.01 (down 15%) shortly after the opening bell. That seemed to trigger some buying, as the stock shot back to more than $26 a share before giving back a couple of dollars.
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GoPro Inc. (NASDAQ: GPRO) dropped to $43.30 at the opening bell, down nearly 11%.
Amazon.com Inc. (NASDAQ: AMZN) dropped about 6% at the bell, to open at around $463.58. Investors appear to be more sanguine about the online retailer’s prospects, moving the shares up about $8 in the early going.
Whether or not there were programmed buys set to trigger, these high price-to-earnings ratio stocks made a quick comeback from the opening lows. And only one, Twitter, posted a new low.
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