tracks Apple shares ahead of tomorrow, forecasting the positive boost the stock could receive in October.Well, consumers and investors waiting for Apple's expected iPhone launch tomorrow. Jared Blikre is here with a closer look at how Apple stock usually moves around these types of events. What should we expect?Seana, it's usually a sell the news event.
But I did want to show some of the negative seasonality surrounding Apple stock, and I went all the way back to 2007. You might remember that's when the iPhone 1 was first announced at the June Worldwide Developer Conference, and that purple line right there is Apple stock, and then this red line right here is what happens in the overnight market. You can see it generally drifts higher. And then the orange is the full day return, while the cyan is the day session only.
Source: News Formal (newsformal.com)
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