Facebook (FB) Joins Apple (AAPL) Decline as Retail Investors Puke
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Price: $342.94 -0.15%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.3%
EPS Growth %: +7.6%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.3%
EPS Growth %: +7.6%
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Facebook, Inc. (Nasdaq: FB) stock declined intraday on Tuesday, a move that on the surface appears tied to negative Apple (Nasdaq: AAPL) sentiment.
Shares of Apple declined after the company unveiled two new phones, the iPhone 5C and iPhone 5S. To many on Wall Street, this wasn't a surprise given past performance following events. However, retail investors appear to have been caught off guard and sentiment turned negative, sending ripples throughout the tech sector. As a result, Facebook stock declined.
Shares of Apple declined after the company unveiled two new phones, the iPhone 5C and iPhone 5S. To many on Wall Street, this wasn't a surprise given past performance following events. However, retail investors appear to have been caught off guard and sentiment turned negative, sending ripples throughout the tech sector. As a result, Facebook stock declined.
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