TIM COOK SELLS APPLE STOCK ON IPHONE 8 BUT INVESTORS’ GUN FOR $1 TRILLION $AAPL $FB $GOOG $NFLX $CRUS $SWKS $AVGO $QRVO $ADI $MU
Investors are excited about the new iPhone 8 expected to be unveiled Tuesday. Still, Apple CEO Tim Cook is selling Apple AAPL shares. What does he know that we don’t? Maybe there’s nothing there. Anyway, to explore the answer, let’s start with a chart of Apple stock. Chart Please click here for a monthly chart of Apple stock and observe the following: • Apple will become a $1 trillion market-cap company if the stock rises to $193.70. • Stock charts often display symmetry. The current move up is marked “B” on the Apple stock chart, and the prior move is marked