Jim Cramer on Citi's Downgrade of AAPL [Video]

Posted December 19, 2012 at 4:15pm by iClarified | Please help us and submit a translation by clicking here | 5543 views

Jim Cramer recently ripped into Citi for its bad advice when it comes to Apple's stock, reports FORTUNE.

Not only did Citi miss Apple's run from $560 to $705 -- a six-month stretch when the bank provided no coverage at all -- but then the new team gave clients a 20-day one-two punch: Issuing a Buy at $571 just before the stock fell to $509.79, then downgrading Apple to Neutral just before shares bounced back to $533.90.

Take a look at the clip below...

Read More



[Sorry, Flash]

Share
Add Comment
Follow iClarified
Amazon App Gets Updated With Wish List Extension for iOS 8
The Amazon app has been updated with a new iO...
Former Apple SVP Scott Forstall is Producing a Broadway Musical
Scott Forstall has emerged following his depa...
Apple Starts Issuing Tickets to WWDC 2015 Lottery Winners
Apple has started issuing tickets and process...
Ben & Jerry's Parodies Classic Apple Ad for 4:20 Commercial [Video]
Ben & Jerry's is parodying Apple's classic 19...
Check Out Apple's 'Clever' Design for the U.K. Apple Watch Charger [Photo]