Apple, Google, and eBay stock hovering near 52-week lows

Ian Lamont — Tue, 07 Oct 2008 09:50:12 -0700

The news that the Fed is invoking emergency measures to help bring down rates on "commercial paper" -- short-term debt that companies use to generate capital to fund their operations -- has not reassured investors in several beaten-down technology stocks. Apple, Google and eBay were off more than 4% just three hours after the opening bell, compared to about 1.5% for the Dow and nearly 2% for the Nasdaq. Google (GOOG) is now close to its 52-week low of $348, compared to more than $740 (reached last November). Apple (AAPL) is also down more than 50% off of its December 2007 high of $202.96. The stock is now trading for $93. eBay reached a high of more than $40 last October; the stock now stands at $16.70.

Image: Google Finance

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Apple, Google, and eBay stock hovering near 52-week lows