Editors Note: The list of top stocks is derived from the quote pages that received the most views on Yahoo! Finance by examining data for the current week. It is not, however, a list of the most searched-for tickers or company names on our site.
1. Apple (AAPL)
It was another rough week for former tech darling Apple. According to regulatory filings, some of Wall Street’s biggest names in the hedge fund arena continued to bail out of the stock.
David Tepper’s Appaloosa Management reduced its stake by some 40% during the first quarter. Tiger Management, helmed by Julian Robertson, dumped its entire remaining stake of more than 42,000 shares.
The latest Bloomberg Global Poll also found this week that investors overwhelmingly believe Apple has lost its standing as a tech innovator. According to the poll, 71% of respondents said the company “has lost its cachet as an industry innovator.”
JMP Securities analyst Alex Gauna told Big Data Download that he believes the recent rally in AppleRead More »from Tesla Takes Hold Among Top Stocks of the Week