Apple Price Targets Rise With $3 Trillion Milestone in View
Apple Inc. analysts just keep getting more bullish, with Bank of America Corp. on Tuesday upgrading the iPhone maker to buy on the revenue opportunity from virtual reality products.The shares gained 0.8%, with BofA analyst Wamsi Mohhan also setting a $210 price target that matches JPMorgan Chase & Co. as the highest on the Street. Apple shares have rallied throughout 2021, with the stock up 33%. The stock needs to rise about 4% from Monday’s close in order to hit a historic $3 trillion market va
Hedge Funds Ensnared in Expansive DOJ Probe Into Short Selling
Funds and researchers are scrutinized by Justice Department. Inquiry seeks information on trading in several dozen stocks. The U.S. Justice Department has launched an expansive criminal investigation into short selling by hedge funds and research firms, scrutinizing their symbiotic relationships and hunting for signs that they improperly coordinated trades or broke other laws to profit, according to people familiar with the matter.The probe, run by the department’s fraud section with federal pro