Apple's Largest Active Shareholder Sells 10% of their Stock
Reuters reveals today that Fidelity's Contrafund, the largest active shareholder in Apple Inc., has cut the fund's stake in Apple by ten percent during the first two months of 2013 dropping Apple to the funds number two spot accounting for 5.2 percent of the fund's assets. Google has now taken over the funds number one position with 5.8 percent of the fund. Update: Apple's stock price ended the day down $13.75 to $428.91/share.
It is if you're a stock holder, Geo. It appears you're not.
Posted by: DrDay | April 01, 2013 at 04:17 PM
As if that effects the future of the company and it's products. Is stock value more important than the value of the products?
Posted by: Geo | April 01, 2013 at 04:13 PM