Apple Inc. (NASDAQ: AAPL), the maker of iPhones and iPad, is marginally lower in mid-day trading today, tracking losses in the broad market. At last check, AAPL was trading 0.60% lower at $511.95 on volume of 5.04 million, which is nearly a quarter of the daily average volume of 21.86 million.
AAPL has slipped in trading today after the company was fined in China for violating author copyrights. The company has been ordered to pay a fine of $166,000 to eight Chinese authors and two companies for selling unlicensed e-books.
AAPL has fallen more than 1.3% this week. The market sentiment remains bearish on AAPL. However, the stock has strong support at around $500 and could rebound from this level.
Assured Guaranty Ltd. (NYSE: AGO), a provider of credit protection products to public finance, infrastructure, and structured finance markets in the U.S., Europe and Australia, is sharply lower in mid-day trading today. At last check, AGO was trading 1.55% lower at $13.93 on volume of 209,742, which is well below the daily average volume of 1.39 million.
AGO has slipped below a key support level in trading today. A bearish trend will be established if the stock falls below its 50-day moving average. The stock currently has support at around $13.75. AGO has fallen more than 2.5% in the last three trading sessions.
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