US EditionApple is the most shorted stock in Jefferies’ list of 16 tech stocks
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Apple is the most shorted stock in Jefferies' list of 16 tech stocks
Apple has become the most shorted stock in Jefferies’ “Sweet 16” group of leading tech firms, with traders betting against it by selling borrowed shares, hoping to repurchase them later at a reduced price. Ian Salisbury for Barron’s: Hedge funds that have soured on Apple stock may be overreacting, research from Goldman Sachs indicates. The bank reiterated a Buy rating on the stock on Tuesday, lowering its price target from $259 to $256, a fi…
Apple is the most shorted stock in Jefferies’ list of 16 tech stocks
Apple has become the most shorted stock in Jefferies' "Sweet 16" group of leading tech firms, with traders betting against it by selling borrowed shares, hoping to repurchase them later at a reduced price. Ian Salisbury for Barron's: Hedge funds that have soured on Apple stock may be overreacting, research from Goldman Sachs indicates. The bank reiterated a Buy rating on the stock on Tuesday, lowering its price target from $259 to $256, a figu…
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