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AAPL stock rated an Outperform by Bernstein

Apple Inc’s recently made public 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 $85.01 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 $569.11 million.

Bernstein upgraded its Apple Inc [AAPL] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Maxim Group’s analysts, who began to cover the stock in mid April with a ‘”a Hold”‘ rating. JP Morgan also remained covering AAPL and reiterated its “an Overweight” recommendation on April 11, 2024. DZ Bank revised its rating on March 28, 2024. It rated AAPL as “a Hold” which previously was an “a Buy”.

Price Performance Review of AAPL

On Monday, Apple Inc [NASDAQ:AAPL] saw its stock jump 2.48% to $173.50. Over the last five days, the stock has gained 4.62%. Apple Inc shares have fallen nearly -9.88% since the year began. Nevertheless, the stocks have risen 3.02% over the past one year. While a 52-week high of $199.62 was reached on 01/24/24, a 52-week low of $164.07 was recorded on 04/19/24. SMA at 50 days reached $173.08, while 200 days put it at $181.57. A total of 66.31 million shares were traded, compared to the trading of 44.84 million shares in the previous session.

Levels Of Support And Resistance For AAPL Stock

The 24-hour chart illustrates a support level at 172.39, which if violated will result in even more drops to 171.28. On the upside, there is a resistance level at 175.32. A further resistance level may holdings at 177.14. The Relative Strength Index (RSI) on the 14-day chart is 55.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.19, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 34.02%. Stochastics %K at 47.75% indicates the stock is a holding.

The most recent change occurred on February 02, 2024 when Piper Sandler resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $190.

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