Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Apple Inc shares valued at $1,958,850 were sold by KONDO CHRIS on Aug 15 ’24. At $225.00 per share, KONDO CHRIS sold 8,706 shares. The insider’s holdings dropped to 15,419 shares worth approximately $3.51 million following the completion of this transaction.
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Also, KONDO CHRIS sold 5,178 shares, netting a total of over 1,121,037 in proceeds. Following the sale of shares at $216.50 each, the insider now holds 24,125 shares.
Before that, Adams Katherine L. had sold 100,000 shares from its account. In a trade valued at $20,643,512, the SVP, GC and Secretary traded Apple Inc shares for $206.44 each. Upon closing the transaction, the insider’s holdings decreased to 100,000 shares, worth approximately $43.58 million.
As published in their initiating research note from MoffettNathanson on August 19, 2024, Apple Inc [AAPL] has been a Neutral and the price target has been revised to $211. Analysts at Monness Crespi & Hardt resumed the stock at ‘”a Buy”‘ outlook in a report released in early August. As of August 02, 2024, Maxim Group has reiterated its “Hold” rating for AAPL. Earlier on July 29, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for AAPL stock.
Analyzing AAPL Stock Performance
During the last five days, there has been a drop of approximately -0.59%. Over the course of the year, Apple Inc shares have jumped approximately 18.17%. 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 $222.02, while a 200-day SMA reached $197.01. Nevertheless, trading volume fell to 36.49 million shares from 42.31 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 225.79, which, if violated, would cause prices to drop to 224.05. In the upper region, resistance lies at 228.88. The next price resistance is at 230.23. RSI (Relative Strength Index) is 57.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.69, which suggests the price will increase in the coming days. Percent R is at 29.06%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
