Apple's shares were hovering around the $400 mark again today, and not in a good way.
By the end of trading on Wednesday, the shares had largely pulled themselves out of their funk, closing at $405.46, just a hair below the previous day's close.
But things were a bit gloomier in the first few hours of trading Wednesday, when shares in the high-profile technology company were generally down 1 percent or more to just around $401, with a handful of dips into the $399 range or below. Shares had closed Tuesday, just ahead of Apple's earnings report for its fiscal second quarter, at $406.13.
Shareholders didn't appear willing to invest heavily in the company or dump their shares, instead taking a wait-and-see approach.
That's likely due to Apple's mixed results for the company's most recent quarter. During the period,. The company's profit slid 18 percent year over year, disappointing some shareholders. However, with 37.4 million iPhones sold during the quarter, the company outstripped Wall Street's expectation of 34 million units. Apple also sold 19.5 million iPads.
Apple shares last week also took a brief trip, after a long and steady decline from more than $700 a share last September.
Update 1:40 p.m. PT: Added Apple's closing price for the day and adjusted the top of the story accordingly.
All the latest Apple news, featuring developments on the iPhone, iPad, Macbooks, OS X and much more.
Mar 244-year-old gets Siri to help save mom's life
Mar 24How to tether your iPad to your phone
Mar 23Reactions to the iPhone 7 Product Red, new iPads and clips
Mar 23iPhone 7 storage options: Why 32GB is likely not enough