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Institutional AAPL ownership plunges, analyst still forecasts solid growth

Institutional ownership of Apple shares of stock saw the largest sequential decline since 2013 in the March quarter, though the company is still positioned for growth, Morgan Stanley’s Katy Huberty says.Credit: AppleIn a note to investors seen by AppleInsider, lead analyst Katy Huberty writes that Apple’s institutional dropped 58 basis points to 4.9% quarter-over-quarter existing the March quarter. Institutional ownership refers to large-scale organizations buying and holding shares of a Read more…
Source: Apple Insider News and Secrets on New Apple Products

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