Apple Inc’s filing revealed that its COO WILLIAMS JEFFREY E unloaded Company’s shares for reported $10.19 million on Apr 11 ’24. In the deal valued at $172.22 per share,59,162 shares were sold. As a result of this transaction, WILLIAMS JEFFREY E now holds 489,944 shares worth roughly $84.61 million.
Then, Maestri Luca sold 53,194 shares, generating $9,261,933 in total proceeds. Upon selling the shares at $174.12, the Senior Vice President, CFO now owns 107,788 shares.
Before that, COOK TIMOTHY D sold 97,227 shares. Apple Inc shares valued at $16,394,529 were divested by the Chief Executive Officer at a price of $168.62 per share. As a result of the transaction, COOK TIMOTHY D now holds 3,280,180 shares, worth roughly $566.45 million.
JP Morgan reiterated its Apple Inc [AAPL] rating to an Overweight in a research note published on April 11, 2024; the price target was $210. A number of analysts have revised their coverage, including DZ Bank’s analysts, who decreased its forecast for the stock in late March from “a Buy” to “a Hold”. Piper Sandler also remained covering AAPL and reiterated its “Neutral” recommendation on February 02, 2024. Monness Crespi & Hardt maintained its rating on February 02, 2024. It rated AAPL as “a Buy”.
Price Performance Review of AAPL
On Monday, Apple Inc [NASDAQ:AAPL] saw its stock fall -2.19% to $172.69. Over the last five days, the stock has gained 2.52%. Apple Inc shares have fallen nearly -10.30% since the year began. Nevertheless, the stocks have risen 4.31% over the past one year. While a 52-week high of $199.62 was reached on 01/24/24, a 52-week low of $161.42 was recorded on 04/10/24. SMA at 50 days reached $176.79, while 200 days put it at $182.69. A total of 73.35 million shares were traded, compared to the trading of 101.67 million shares in the previous session.
Levels Of Support And Resistance For AAPL Stock
The 24-hour chart illustrates a support level at 171.25, which if violated will result in even more drops to 169.81. On the upside, there is a resistance level at 175.38. A further resistance level may holdings at 178.07. The Relative Strength Index (RSI) on the 14-day chart is 49.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.93, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 50.40%. Stochastics %K at 76.16% indicates the stock is a holding.
The most recent change occurred on February 02, 2024 when JP Morgan resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $215.
