TSLA, AAPL and the VIX
As of September 8, 2024, here’s the status of Apple (AAPL) and Tesla (TSLA) stock prices, along with some predictions for September 9, 2024, considering the current VIX:
Apple (AAPL)
Apple’s stock closed at $222.77 on September 3, 2024, showing a slight decline from the previous trading day. The company’s 52-week high was $237.23, which is 3.6% above the current share price.
Tesla (TSLA)
While specific data for Tesla is not provided in the search results, we can infer that the stock has likely been experiencing volatility similar to other tech stocks in the current market conditions.
VIX and Market Sentiment
The CBOE Volatility Index (VIX) closed at 20.72 on September 3, 2024, up significantly from 15.55 the previous market day. This 33.25% increase indicates a rise in market uncertainty and investor anxiety.
Predictions for September 9, 2024
Given the elevated VIX level, which is 49.93% higher than one year ago, we can expect increased volatility in both Apple and Tesla stocks on September 9, 2024.
For Apple:
The stock may experience fluctuations within a range of $220 to $225, considering recent trading patterns and the increased market volatility.
Investors will likely be watching for any news related to Apple’s product launches or supply chain updates, which could impact the stock price.
For Tesla:
Given the company’s history of volatility and sensitivity to market sentiment, Tesla’s stock may see more pronounced movements compared to Apple.
The stock could potentially swing within a wider range, possibly between -3% to +3% from its previous closing price.
It’s important to note that these predictions are speculative and based on current market conditions. The elevated VIX suggests that investors should be prepared for potential rapid price changes in both stocks. As always, unforeseen news or events could significantly impact these predictions.
