Shares of Apple Inc (AAPL) fell $0.45, or 0.38%, to $117.83 in midday trading, despite a report from 9to5Mac saying the tech giant is currently planning a March 2016 event to unveil the second-gen Apple Watch. The iPhone maker, which last updated the watch in September, would ship the device in April, according to the report. In addition to the watch, the publication notes that the “iPhone 6c,” Apple’s rumored upcoming 4-inch iPhone, could also be unveiled at the event.
Apple shares have declined 2.18% in the last 4 weeks, while advancing 5.77% in the past three months. Over the past 5 trading sessions the stock has lost 0.02%. The Cupertino, California-based company, which is currently valued at $655.99 billion, has a median Wall Street price target of $150 with a high target of $200.
AAPL is up 4.60% year-over-year, compared with a 0.84% gain in the S&P 500.