Apple Stock To Sink 30%? Inside The Mind Of A Bear
There is a new bear roaming the Apple orchard. Could Apple stock dip about 30% from current levels, as one Wall Street analyst argues?Anew bear has emerged from its cave. New Street’s Pierre Ferragu believes that Apple stock is now a sell, downgraded from his previous neutral stance, and that shares could sink by nearly 30% from current levels to only $90.The Apple Maven gets inside the mind of this Wall Street skeptic to better understand the potential risks of investing in Apple stock today.Pi
Cathie Wood’s ARK Invest Sells Nearly 300,000 Shares of Apple
One ARK exchange-traded fund run by ETF star Cathie Wood sold nearly 300,000 shares of $Apple$ Inc. shares on Thursday, as the prices of this ETF traded down about 2% in Thursday’s session. The ETF is up right around 100% in the last year.$ARK Fintech Innovation ETF$ sold 298,505 shares of Apple. At Thursday’s closing price this would have valued this sale at roughly $38.7 million. This is only a small fraction of the total holdings. ARKF has roughly doubled over the past 52 weeks.Maybe Apple