Did Apple analysts use inside information to sway the price of Apple stock? That’s the question on the minds of government investigators who recently launched a probe of Wall Street and a common signal of Apple’s planning: ‘channel checks.’ To combat the legendary reluctance for public statements, experts covering the Cupertino, Calif. media giant often refer to ‘channel checks’ as a way to provide investors with insight into the planning of the iPhone maker.
Although no analysts were charged, an RBC analyst report on increased iPad production and a Rodman & Redshaw report on low iPad production may have caused Apple Shares to dip, according to the Wall Street Journal.
