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Analyst Explains Why He Sold Apple (AAPL) Shares – ‘I've Seen The Exhaustion' [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
Joe Terranova, senior managing director at Virtus Investment Partners, said in a program on CNBC on August 20 that he trimmed his stake in Apple. Here is how the analyst explained the move: “It's not a portfolio type position. So, I've been riding the momentum higher. I've been buying high, continuing to buy it higher. I started at 206. I bought it all the way up to 232. I spoke each time on air when I bought it and I said, I'm going to manage the risk when I think I see the exhaustion. I think I've seen the exhaustion. It got to about 235, 236. It looks like that's a temporary ceiling. I think it will go through there eventually and go back towards 240–245. But in the near term, the smart thing to do was ring the register, take a little profit, reduce the size. I cut the position in half. I have no problem with that.” Photo by Austin Distel on Unsplash Baron Opportunity Fund stated the following regarding Apple Inc. (NASDAQ:AAPL) in its second quarter 2025 investor letter “A
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