Apple Just Flash Crashed: Here's What Traders Are Saying

Apple Inc. (NASDAQ: AAPL) shares are down more than 3 percent on Monday morning after an apparent flash crash.

Shares fell to as low as $111.27 before rebounding to the $115 range.

Apple last experienced a similar phenomenon in March 2012.

Here's what traders are saying about the event on social media:

Flash Crash on $AAPL Apple Stock just there - 6% move WOW! $SPY $FB $TWTR

— Tom Quirke (@tomjquirke) December 1, 2014

Apple ($AAPL) flash crash this morning: pic.twitter.com/atyRW5wdJY

— anthony brown (@anthonybrown) December 1, 2014

Apple flash crash #APPL انهيار مفاجئ في سهم ابل مع الافتتاح http://t.co/w2iZfDruUn

— Nour E. Al-Hammoury (@NourHammoury) December 1, 2014

I can't help but to Laugh at this $AAPL move, 20 days of buying and then someone flushes the toilet on 7 Points of Range? Algo mania.

— HedgeBound (@HedgeBound) December 1, 2014

$aapl triggered a lot of stops below $107-$108 upper support. That was a real print at $111.30. Give it some time. No position.

— Scott Redler (@RedDogT3) December 1, 2014

Hello, Tim Cook? Do you realize that your stock was just the victim of our fragmented market structure mess? $AAPL

— Joe Saluzzi (@JoeSaluzzi) December 1, 2014

And at least one trader had a theory for the cause:

we are hearing some sort of Vanguard sell order caused the $AAPL puke. someone losing their job today...

— steven spencer (@sspencer_smb) December 1, 2014

Naturally, it's also the top trending ticker on StockTwits:

Apple down 3.5% in early trading. Or $25 billion in market. It's the top trending ticker right now -> http://t.co/qYZ7GdcxLq $AAPL

— StockTwits (@StockTwits) December 1, 2014