Apple is the world’s most valuable company and it’s still underestimated

The Dow Jones Market Data team have tracked Apple’s stock around every iPhone release and found that the stock has declined an average of 0.1% on the day new iPhones are announced. On launch day, shares slip another 0.1% on average. During the week after launch, Apple slightly underperforms the market.

Alex Eule for Barron’s:
‎

Day traders are free to shor…