Apple's (AAPL) stock historically likes the annual iPhone reveal day, at least in the months after the tech giant unveils its latest pricey whiz-bang product.
Shares of the tech giant have often exhibited a modest sell-the-news reaction immediately following launch events before recovering in the subsequent 30-60 days, according to new ***** ysis from Bank of America ***** yst Wamsi Mohan on Tuesday.
Apple's stock has gained in the 60 days following an iPhone reveal day 17 times, dating back to the 2007 smartphone launch, Mohan's research found.
The biggest gain was 20%, recorded 60 days after the iPhone 11 reveal in 2019.
Apple stock wavered on Wednesday ahead of its event.
#reveal #days #shares
Shares of the tech giant have often exhibited a modest sell-the-news reaction immediately following launch events before recovering in the subsequent 30-60 days, according to new ***** ysis from Bank of America ***** yst Wamsi Mohan on Tuesday.
Apple's stock has gained in the 60 days following an iPhone reveal day 17 times, dating back to the 2007 smartphone launch, Mohan's research found.
The biggest gain was 20%, recorded 60 days after the iPhone 11 reveal in 2019.
Apple stock wavered on Wednesday ahead of its event.
#reveal #days #shares
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