The Math Doesn't Lie: Tim Cook Needs To Stop Talking
We want to know how Apple is getting on after Steve Jobs, and we hope for hints about new products.
But maybe, for the sake of AAPL-owners, the guy should shush.
HuffPo did the math, and every time Cook speaks in public, Apple stock drops.
1. Annual Shareholder's Meeting, 2/27/2013
Open: $448.43
Close: $444.57
2. Goldman Sachs Technology Conference, 2/12/2012
Open: $479.51
Close: $467.90
3. Apple Q1 Earnings Call, 1/24/2013 (after hours)
Open: $451.69
Close: $439.88
4. "Bloomberg Businessweek" cover story/appearance on "Rock Center with Brian Williams" (after hours), 12/07/2012
Open: $553.40
Close: $533.25
5. Apple Q4 Earnings Call, 10/25/2012 (after hours)
Open: $620.00
Close: $609.54
6. iPad Mini Event, 10/23/2012
Open: $631.36
Close: $613.36
The only problem with this theory? Apple stock has been dropping a lot over the past six months whether or not Cook talked that day.