Here's what happens to Apple's stock price every time Tim Cook goes on TV
Advertisement
Can going on TV help your company's stock price? Apparently so, if you're Apple CEO Tim Cook.
Advertisement
Advertisement
That's the conclusion drawn by Bernstein analyst Toni Sacconaghi in a note this week. He looked at Tim Cook's seven TV appearances since he took over as CEO, including two with CNBC's Jim Cramer and two on Charlie Rose. On average, he found, Apple's share price had been underperforming the market by more than 4% two weeks before Cook's appearances. But the stock started outperforming after the appearances, and continued to outperform for the following month.
Bernstein
Advertisement
- Internet of Things (IoT) Applications
- 10 Ultimate road trip routes in India for 2024
- Global stocks rally even as Sensex, Nifty fall sharply on Friday
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore