Apple (AAPL) Stock Dives 6% on Steve Jobs Standing Down News

Apple (AAPL) stock has dived over 6% in after hours trading following the announcement that CEO Steve Jobs was stepping down as CEO until the end of June.

AAPL shares were down 2.71% in regular trading to $85.33 as news leaked of a trading halt prior to the announcement.

At 5:55pm EST, Apple shares were trading at $79.94 or 6.32% down, just above the 52 week low of $79.14 in heavy trading.

See our earlier post: Steve Jobs stepping down for a copy of the memo.

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1. Breaking: Steve Jobs Steps Down as Apple CEO until the End of June
2. First photo of Steve Jobs back at Apple (Via TMZ)
3. I’ll Believe Steve Jobs is Healthy When I See Him on Camera Looking Healthy
4. Apple bucks recession, reports 15% increase in earnings
5. Report claims Steve Jobs has had a liver transplant