Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Apple Inc shares valued at $1,121,037 were sold by KONDO CHRIS on Aug 09 ’24. At $216.50 per share, KONDO CHRIS sold 5,178 shares. The insider’s holdings dropped to 24,125 shares worth approximately $5.42 million following the completion of this transaction.
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Also, Adams Katherine L. sold 100,000 shares, netting a total of over 20,643,512 in proceeds. Following the sale of shares at $206.44 each, the insider now holds 191,543 shares.
Before that, KATHERINE L ADAMS had added 100,000 shares to its account. In a trade valued at $20,643,520, the Officer bought Apple Inc shares for $206.44 each.
As published in a research note from Monness Crespi & Hardt on August 02, 2024, Apple Inc [AAPL] has been retained to a Buy and the price target has been revised to $245. Analysts at Maxim Group resumed the stock at ‘”a Hold”‘ outlook in a report released in early August. As of July 29, 2024, TD Cowen has reiterated its “Buy” rating for AAPL. Earlier on July 24, 2024, JP Morgan resumed its rating. Their recommendation was “an Overweight” for AAPL stock.
Analyzing AAPL Stock Performance
During the last five days, there has been a surge of approximately 5.35%. Over the course of the year, Apple Inc shares have jumped approximately 16.72%. Shares of the company reached a 52-week high of $237.23 on 07/15/24 and a 52-week low of $164.07 on 04/19/24. A 50-day SMA is recorded $217.02, while a 200-day SMA reached $191.46. Nevertheless, trading volume fell to 45.35 million shares from 39.86 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 223.20, which, if violated, would cause prices to drop to 221.69. In the upper region, resistance lies at 225.79. The next price resistance is at 226.87. RSI (Relative Strength Index) is 59.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.54, which suggests the price will increase in the coming days. Percent R is at 2.97%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
