The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Apple Inc shares valued at $10,188,880 were sold by WILLIAMS JEFFREY E on Apr 11 ’24. At $172.22 per share, WILLIAMS JEFFREY E sold 59,162 shares. The insider’s holdings dropped to 489,944 shares worth approximately $81.84 million following the completion of this transaction.
Also, Maestri Luca sold 53,194 shares, netting a total of over 9,261,933 in proceeds. Following the sale of shares at $174.12 each, the insider now holds 107,788 shares.
Before that, COOK TIMOTHY D had sold 97,227 shares from its account. In a trade valued at $16,394,529, the Chief Executive Officer traded Apple Inc shares for $168.62 each. Upon closing the transaction, the insider’s holdings decreased to 97,227 shares, worth approximately $547.92 million.
As published in their initiating research note from Maxim Group on April 17, 2024, Apple Inc [AAPL] has been a Hold and the price target has been revised to $178. Analysts at JP Morgan resumed the stock at ‘”an Overweight”‘ outlook in a report released in mid April. As of March 28, 2024, DZ Bank has decreased its “Buy” rating to a “Hold” for AAPL. Earlier on February 02, 2024, Piper Sandler resumed its rating. Their recommendation was “a Neutral” for AAPL stock.
Analyzing AAPL Stock Performance
During the last five days, there has been a drop of approximately -4.57%. Over the course of the year, Apple Inc shares have dropped approximately -13.24%. Shares of the company reached a 52-week high of $196.38 on 01/24/24 and a 52-week low of $166.55 on 04/18/24. A 50-day SMA is recorded $175.63, while a 200-day SMA reached $182.33. Nevertheless, trading volume fell to 42.52 million shares from 50.9 million shares the previous day.
Support And Resistance Levels for Apple Inc (AAPL)
According to the 24-hour chart, there is a support level at 166.18, which, if violated, would cause prices to drop to 165.32. In the upper region, resistance lies at 168.27. The next price resistance is at 169.50. RSI (Relative Strength Index) is 40.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.97, which suggests the price will decrease in the coming days. Percent R is at 95.85%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
