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 $89.03 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 $596.04 million.
Itau BBA upgraded its Apple Inc [AAPL] rating to a Market perform from a an Underperform in a research note published on May 03, 2024; the price target was increased to $188 from $162. A number of analysts have revised their coverage, including Monness Crespi & Hardt’s analysts, who remained covering the stock and in early May has reiterated a ‘”a Buy”‘ rating for it. Bernstein also remained covering AAPL and has increased its forecast on April 29, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. Maxim Group started covering the stock on April 17, 2024. It rated AAPL as “a Hold”.
Price Performance Review of AAPL
On Monday, Apple Inc [NASDAQ:AAPL] saw its stock fall -0.91% to $181.71. Over the last five days, the stock has gained 4.73%. Apple Inc shares have fallen nearly -5.62% since the year began. Nevertheless, the stocks have risen 9.60% 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 $172.37, while 200 days put it at $181.13. A total of 76.42 million shares were traded, compared to the trading of 163.22 million shares in the previous session.
Levels Of Support And Resistance For AAPL Stock
The 24-hour chart illustrates a support level at 180.02, which if violated will result in even more drops to 178.33. On the upside, there is a resistance level at 183.80. A further resistance level may holdings at 185.89. The Relative Strength Index (RSI) on the 14-day chart is 63.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.50, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.08%. Stochastics %K at 77.49% indicates the stock is a holding.
The most recent change occurred on April 11, 2024 when JP Morgan resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $210.
