“Hedge fund billionaire David Tepper has sold his entire stake in Apple, according to a filing with the Securities and Exchange Commission,” Tim Hardwick reports for MacRumors.
“Tepper’s 1.26 million shares in the company were last valued at around $133 million, according to data from Bloomberg,” Hardwick reports. “The massive sale of Apple shares is the second reported in as many months, after billionaire Carl Icahn dumped his stake in the company earlier this year.”
Hardwick reports, “Two days ago, shares of Apple fell below $90 for the first time in nearly two years.”
Read more in the full article here.
MacDailyNews Take: Buy high, sell low! Oh, wait…
Strike that, reverse it. — Willy Wonka