“With Apple’s (AAPL) shares off nearly 5% Wednesday, there was no shortage of theories about what was driving all the selling,” Philip Elmer-DeWitt reports for Fortune.
“We highlighted one — Apple’s failure to issue a special dividend,” P.E.D. reports. “In a note to clients a few hours later, Piper Jaffray’s Gene Munster addressed four more.”
• Digitimes Article Appears To Be Misinterpreted – [iPhone component orders are sequential, not an issue]
•Technicals Suggest Downside Largely Priced In
• Margin Requirements Being Raised
• China Mobile to Carry Nokia Lumia
P.E.D. reports, “Munster is sticking with his price target of $900 a share.”
Read more in the full article here.
Apple execs race to cash dividends before reaching U.S. fiscal cliff, Obama tax hikes – December 5, 2012
Apple’s stock swoon blamed on AAPL margin requirement increase – December 5, 2012
Apple stock takes hit; company’s refusal to issue special dividend ahead of looming U.S. tax hikes to blame? – December 5, 2012
Nokia secures deal to sell first Windows Phone 8 handset in China – December 5, 2012