Why did APPL close at exactly $500.00 on Friday?
“After hovering around the price all week, Apple closed at exactly $500 [on Friday],” Zachary M. Seward writes for Yahoo Finance’s Quartz. “As in, five hundred dollars and zero cents. Is that a coincidence or what? In all likelihood, the stock was pinned to $500 by options traders attempting to hedge their bets that Apple would rise […]
