Why GT Advanced Technologies (GTAT) Stock Is Down Today

NEW YORK (TheStreet) --aGT Advanced Technologies was falling -4.4% to $17.22 Wednesday after Pacific Crest recommended Apple investors start taking profits ahead of the iPhone 6 launch event on Sept. 9. GT Advanced is an Apple supplier, the iPhone 6 is expected the use the company's sapphireacrystal glass. Pacific Crest analyst Andy Hargreaves maintained an "outperform" rating for Apple, but warned that that a downgrade could come if the company doesn't show off products and services that "sugge...