$AAPL is hovering around 343, up just 0.1%. The move is unusually small.
Apple just launched a new smart home hub with facial recognition, called HomeView. The news broke within the past 24 hours, and trading value is $93.2 million—money hasn’t been rushing in.
Here’s how I see it: the stock wasn’t bid up in advance, which suggests the market is still gradually digesting the news. If it can hold above 343, that would show people are starting to take it seriously. On the other hand, trading is so subdued that no one seems willing to add to their position, so it’ll probably just move sideways. I lean toward the latter. I’ll wait and see.
#AAPL #news
Apple just launched a new smart home hub with facial recognition, called HomeView. The news broke within the past 24 hours, and trading value is $93.2 million—money hasn’t been rushing in.
Here’s how I see it: the stock wasn’t bid up in advance, which suggests the market is still gradually digesting the news. If it can hold above 343, that would show people are starting to take it seriously. On the other hand, trading is so subdued that no one seems willing to add to their position, so it’ll probably just move sideways. I lean toward the latter. I’ll wait and see.
#AAPL #news