Apple Inc’s recent filing unveils that its Senior Vice President, CFO Maestri Luca unloaded Company’s shares for reported $13.43 million on Oct 04 ’24. In the deal valued at $226.52 per share,59,305 shares were sold. As a result of this transaction, Maestri Luca now holds 107,788 shares worth roughly $-24.93 million.
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Then, Luca Maestri bought 59,305 shares, generating $13,383,359 in total proceeds.
Before that, WILLIAMS JEFFREY E sold 59,730 shares. Apple Inc shares valued at $13,550,148 were divested by the COO at a price of $226.86 per share. As a result of the transaction, WILLIAMS JEFFREY E now holds 489,944 shares, worth roughly $113.32 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 jump 1.65% to $231.30. Over the last five days, the stock has gained 4.33%. Apple Inc shares have risen nearly 20.14% since the year began. Nevertheless, the stocks have risen 28.00% 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 $223.67, while 200 days put it at $198.95.
Levels Of Support And Resistance For AAPL Stock
The 24-hour chart illustrates a support level at 229.36, which if violated will result in even more drops to 227.41. On the upside, there is a resistance level at 232.49. A further resistance level may holdings at 233.67. The Relative Strength Index (RSI) on the 14-day chart is 58.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.79, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.57%. Stochastics %K at 68.27% 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 2024-09-30, growing by 6.7 million shares to a total of 141.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 135.04 million shares. There was a rise of 4.73%, 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.
