Tuesday, April 5, 2011

Apple (AAPL) Crunched on Nasdaq 100 Rebalancing

News that the Nasdaq 100 will rebalance put the shares of Apple under pressure in pre-market trading, as its weighting in the index will be reduced, while others will get a boost.

According to Nasdaq, the rebalance is for the purpose of bringing weights back in line with the real market capitalizations of the companies listed.

For Apple, that means the company will be rebalanced from 20 percent to 12 percent of the index.

The rebalance will take effect on May 2, 2011, before the open of the market.

Some companies getting upwardly balance include Amgen (Nasdaq: AMGN) from 1.07 percent to 1.92 percent, Amazon.com (Nasdaq: AMZN) from 2.5 percent to 3.16 percent, Cisco (Nasdaq: CSCO) from 1.56 percent to 3.66 percent, Dell (Nasdaq: DELL) from 0.47 percent to 1.08 percent, Google (Nasdaq: GOOG) from 4.18 percent to 5.77 percent, Intel (Nasdaq: INTC) from 1.75 percent to 4.2 percent, Microsoft (Nasdaq: MSFT) from 3.41 percent to 8.32 percent, and Oracle (Nasdaq: ORCL) from 3.32 percent to 6.68 percent.

Apple was trading in pre-market at $336.59, down $4.60, or 1.35 percent.

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