SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Apple Inc.
AAPL 259.08-0.5%3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Moonray9/8/2014 9:28:04 AM
  Read Replies (1) of 213181
 
Apple (AAPL) Typically Trades Lower on Day of iPhone Event and Day of Launch - Piper Jaffray
September 8, 2014 7:06 AM EDT

Piper Jaffray analyst Gene Munster weighed in on Apple (NASDAQ: AAPL) shares ahead of the iPhone
event on September 9th and official launch date. Munster notes that based on historical trading patterns
shares could see some slight headwinds on both the day of the event and the day of the launch.

"Based on data from every iPhone event and launch from the 3G to the 5S/5C, we note that shares of AAPL
have typically traded down on both event days when the new iPhone is announced and the actual launch
of the phone," Munster notes. "For the day of the iPhone event, AAPL has traded down an average of 1.2%
over the past 6 launches with a range of down 2.8% to up 0.4%. For the iPhone launch day, AAPL has
traded down an average of 0.4% with a range of down 2.2% to up 1.2%."

Shares fare better between the day after the event and the launch date. "We note that shares of AAPL
have traded up an average of 1.9% between the day after the event and the launch of iPhones with a
range of down 5.5% to up 13.3%."

Below is a table from Piper Jaffray on the Historical Trading Of AAPL Shares Into iPhone Events And
Launches:




The firm maintained an Overweight rating and price target of $120.

Apple will be steaming the September 9th iPhone event at its website.

o~~~ O

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News