Apple stock falls below $400 in second day of selling

Investors hammered Apple’s stock Thursday, sending shares down 2.81% in midday trading.

This was the second day of pummeling for Apple’s stock, as investors’ nerves appeared increasingly rattled in the countdown to the company’s earnings report scheduled for Tuesday.

Story: Apple takes investors on a wild ride

The stock was down $11.33 to $391.47 on Thursday.

On Wednesday, investors drove the stock down after a report from a key Apple supplier indicated that sales of iPhones and iPads may be slipping. There were no similar shocks on Thursday, but investors apparently remained concerned enough to drive another sharp drop.

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