Apple Inc’s recent filing unveils that its Officer Luca Maestri acquired Company’s shares for reported $13.38 million on Oct 04 ’24. In the deal valued at $225.67 per share,59,305 shares were bought.
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Then, WILLIAMS JEFFREY E sold 59,730 shares, generating $13,550,148 in total proceeds. Upon selling the shares at $226.86, the COO now owns 489,944 shares.
Before that, Adams Katherine L. sold 61,019 shares. Apple Inc shares valued at $13,802,297 were divested by the SVP, GC and Secretary at a price of $226.20 per share. As a result of the transaction, Adams Katherine L. now holds 187,043 shares, worth roughly $41.47 million.
Jefferies downgraded its Apple Inc [AAPL] rating to a Hold from a a Buy in a research note published on October 07, 2024; the price target was increased to $212.92 from $205. A number of analysts have revised their coverage, including MoffettNathanson’s analysts, who began to cover the stock in mid August with a ‘”a Neutral”‘ rating. Monness Crespi & Hardt also remained covering AAPL and reiterated its “Buy” recommendation on August 02, 2024. Maxim Group maintained its rating on August 02, 2024. It rated AAPL as “a Hold”.
Price Performance Review of AAPL
On Monday, Apple Inc [NASDAQ:AAPL] saw its stock fall -2.25% to $221.69. Over the last five days, the stock has lost -4.85%. Apple Inc shares have risen nearly 15.15% since the year began. Nevertheless, the stocks have risen 26.75% over the past one year. While a 52-week high of $237.23 was reached on 07/15/24, a 52-week low of $164.07 was recorded on 04/19/24. SMA at 50 days reached $222.75, while 200 days put it at $198.08.
Levels Of Support And Resistance For AAPL Stock
The 24-hour chart illustrates a support level at 220.12, which if violated will result in even more drops to 218.54. On the upside, there is a resistance level at 224.48. A further resistance level may holdings at 227.26. The Relative Strength Index (RSI) on the 14-day chart is 44.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.95, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.31%. Stochastics %K at 51.38% indicates the stock is a holding.
How much short interest is there in Apple Inc?
A steep rise in short interest was recorded in Apple Inc stocks on 2024-09-13, growing by 8.94 million shares to a total of 130.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 121.6 million shares. There was a rise of 6.85%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 29, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $250.
