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Apple shares off
as execs exit
Shares of Apple declined Wednesday, the first trading session after CEO Tim Cook embarked on a sweeping management overhaul at the world’s most valuable company. Apple’s shares closed at $595.32, down $8.68, or 1.4 percent, for the day. Apple on Monday announced the departure of mobile software head Scott Forstall and retail leader John Browett in the wake of the map apps fiasco.
Facebook stock off
as lock-up expires
Facebook’s stock price fell nearly 4 percent Wednesday, the day employees were eligible to start selling restricted stock in the company. A lock-up period that had prevented such sales expired on Monday. U.S. stock markets opened on Wednesday for the first time since Superstorm Sandy hit the East Coast, so that’s when employees could start selling. Facebook shares closed at $21.11, down 83 cents for the day.
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