Apple Inc’s recently made public that its Chief Executive Officer COOK TIMOTHY D unloaded Company’s shares for reported $16.39 million on Apr 02 ’24. In the deal valued at $168.62 per share,97,227 shares were sold. As a result of this transaction, COOK TIMOTHY D now holds 3,280,180 shares worth roughly $552.55 million.
Then, O’BRIEN DEIRDRE sold 54,732 shares, generating $9,244,782 in total proceeds. Upon selling the shares at $168.91, the Senior Vice President now owns 136,572 shares.
Before that, Adams Katherine L. sold 54,732 shares. Apple Inc shares valued at $9,244,235 were divested by the SVP, GC and Secretary at a price of $168.90 per share. As a result of the transaction, Adams Katherine L. now holds 293,393 shares, worth roughly $49.42 million.
DZ Bank downgraded its Apple Inc [AAPL] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who remained covering the stock and in early February has reiterated a ‘”a Neutral”‘ rating for it. Monness Crespi & Hardt also remained covering AAPL and reiterated its “Buy” recommendation on February 02, 2024. JP Morgan maintained its rating on February 02, 2024. It rated AAPL as “an Overweight”.
Price Performance Review of AAPL
On Monday, Apple Inc [NASDAQ:AAPL] saw its stock fall -0.67% to $168.45. Over the last five days, the stock has lost -0.93%. Apple Inc shares have fallen nearly -12.51% since the year began. Nevertheless, the stocks have risen 2.86% over the past one year. While a 52-week high of $199.62 was reached on 01/24/24, a 52-week low of $159.78 was recorded on 04/02/24. SMA at 50 days reached $178.43, while 200 days put it at $183.06. A total of 37.33 million shares were traded, compared to the trading of 12.39 million shares in the previous session.
Levels Of Support And Resistance For AAPL Stock
The 24-hour chart illustrates a support level at 168.06, which if violated will result in even more drops to 167.67. On the upside, there is a resistance level at 169.02. A further resistance level may holdings at 169.59. The Relative Strength Index (RSI) on the 14-day chart is 38.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.89%. Stochastics %K at 6.89% indicates the stock is a buying.
How much short interest is there in Apple Inc?
A steep rise in short interest was recorded in Apple Inc stocks on Mar 15, 2024, growing by 13.19 million shares to a total of 110.86 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 97.67 million shares. There was a rise of 11.9%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 0.72% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.64.
The most recent change occurred on February 02, 2024 when Goldman resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $232.
