Business

JPMorgan loaded up on Apple stock then it tanked 15%

jpmorgan loaded up on apple stock then it tanked 15% JPMorgan loaded up on Apple stock then it tanked 15% 5bed39000d7c670a1f70ef52 960 4801542626470 960x480

Investing titans Fidelity, Janus Henderson, and JPMorgan loaded up on Apple stock then it tanked 15%
unfortunate trader jpmorgan loaded up on apple stock then it tanked 15% JPMorgan loaded up on Apple stock then it tanked 15% rtr1su45 Reuters/ Marcos Brindicci

.Significant funds Fidelity, Janus Henderson, JPMorgan, Tiger Global Management and Coatue, put bets on Apple prior to October’s 15% decrease.Burned by “Red October” market bloodbath, hedge funds have actually had their worst month given that May 2010.Tech particularly saw an enormous sell in October. A study discovered funds are least bullish on tech stocks because the monetary crisis.

Hedge fund Goliaths made some significant wrong-way bullish bets on Apple, prior to the stock crashed.

The so called “Red October” markets bloodbath made it a currently ruthless month for financiers of all stripes. Slowing iPhone sales and provider cautions stacked on Apple particularly, turning those funds’ bets into losers. Apple fell more than 15% last month and is down about 20% from its all-time high.

Read more: feedproxy.google.com

Related posts

10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, T, SHLD, GE)

TodaysNews

A flaming drink at a Gordon Ramsay restaurant in Las Vegas

Eli Koechley

The body of a Croatian woman who went missing 18 years ago

Peter Pariser

Leave a Comment