Don’t expect Apple stock to rise on WWDC news

By | June 8, 2015

Scalper1 News

For investors, Apple’s (AAPL) Worldwide Developers Conference has been the poster child for “buy the rumor, sell the news.” Apple stock tends to rise ahead of the annual event and fall after the opening keynote, when the big announcements are made. Over the past eight years, Apple stock has risen an average of 3.5% in the month leading up to WWDC, then fallen 1.3% on the opening day of the conference, BTIG analyst Walter Piecyk said in a research Scalper1 News

Scalper1 News