Ron Burgundy Posted October 1, 2015 Share Posted October 1, 2015 By Noel Randewich SAN FRANCISCO (Reuters) - Many short sellers appear to have unwound their bets against Apple this week, and a 6 percent fall in the stock price suggests they made money as investor worries about the company countered a record launch of its newest iPhone. The relentless ascent of Apple Inc's stock since it debuted its first smartphone in 2007 has made it unpopular for most short sellers. On Thursday, Apple was down 2.2 percent at $107.83 on a report that chip suppliers were concerned the iPhone maker would cut chip orders for the fourth quarter. View the full article Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.