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 $81.25 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 $543.99 million.
Maxim Group initiated its Apple Inc [AAPL] rating to a Hold in a research note published on April 17, 2024; the price target was $178. A number of analysts have revised their coverage, including JP Morgan’s analysts, who remained covering the stock and in mid April has reiterated a ‘”an Overweight”‘ rating for it. DZ Bank also remained covering AAPL and has decreased its forecast on March 28, 2024 with a “Hold” recommendation from previously “Buy” rating. Piper Sandler maintained its rating on February 02, 2024. It rated AAPL as “a Neutral”.
Price Performance Review of AAPL
On Monday, Apple Inc [NASDAQ:AAPL] saw its stock jump 0.51% to $165.84. Over the last five days, the stock has lost -3.97%. Apple Inc shares have fallen nearly -13.86% since the year began. Nevertheless, the stocks have fallen -0.49% over the past one year. While a 52-week high of $199.62 was reached on 01/24/24, a 52-week low of $162.80 was recorded on 04/19/24. SMA at 50 days reached $174.69, while 200 days put it at $182.07. A total of 48.01 million shares were traded, compared to the trading of 68.15 million shares in the previous session.
Levels Of Support And Resistance For AAPL Stock
The 24-hour chart illustrates a support level at 164.65, which if violated will result in even more drops to 163.47. On the upside, there is a resistance level at 167.14. A further resistance level may holdings at 168.45. The Relative Strength Index (RSI) on the 14-day chart is 39.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.64%. Stochastics %K at 7.66% indicates the stock is a buying.
The most recent change occurred on February 02, 2024 when Monness Crespi & Hardt resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $200.
