Electronista

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updated 05:10 PM EST 02.14.13
Apple stock slide blamed on large hedge fund sales
Apple's deep stock slide during 2012 was linked to massive unloading by several hedge funds, according to documents filed with the US Securities and Exchange Commission, discovered by Reuters. Omega Advisors, for instance, sold all of its 266,000 Apple shares during the fourth quarter of 2012. Eton Park Capital Management sold the entirety of its 600,000 shares in a period spanning the third and fourth quarters. Jana Partners dumped its full 143,000 shares, while Farallon Capital sold off 137,000.