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 $25.16 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 $114.35 million.
KeyBanc Capital Markets downgraded its Apple Inc [AAPL] rating to an Underweight from a a Sector weight in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in early October from “a Buy” to “a Hold”. MoffettNathanson began covering AAPL with “Neutral” recommendation on August 19, 2024. Monness Crespi & Hardt maintained its rating on August 02, 2024. It rated AAPL as “a Buy”.
Price Performance Review of AAPL
On Monday, Apple Inc [NASDAQ:AAPL] saw its stock jump 0.86% to $233.40. Over the last five days, the stock has lost -1.30%. Apple Inc shares have risen nearly 21.23% since the year began. Nevertheless, the stocks have risen 39.85% over the past one year. While a 52-week high of $237.49 was reached on 10/15/24, a 52-week low of $164.07 was recorded on 04/19/24. SMA at 50 days reached $226.95, while 200 days put it at $201.29.
Levels Of Support And Resistance For AAPL Stock
The 24-hour chart illustrates a support level at 232.39, which if violated will result in even more drops to 231.38. On the upside, there is a resistance level at 234.57. A further resistance level may holdings at 235.74. The Relative Strength Index (RSI) on the 14-day chart is 56.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.31%. Stochastics %K at 60.73% 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 2024-10-15, growing by 10.38 million shares to a total of 140.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 130.54 million shares. There was a rise of 7.37%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 02, 2024 when Maxim Group resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $203.
