Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Apple Inc shares valued at $13,433,769 were sold by Maestri Luca on Oct 04 ’24. At $226.52 per share, Maestri Luca sold 59,305 shares. The insider’s holdings dropped to 107,788 shares worth approximately $24.35 million following the completion of this transaction.
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Also, Luca Maestri purchased 59,305 shares, netting a total of over 13,383,359 in proceeds.
Before that, WILLIAMS JEFFREY E had sold 59,730 shares from its account. In a trade valued at $13,550,148, the COO traded Apple Inc shares for $226.86 each. Upon closing the transaction, the insider’s holdings decreased to 59,730 shares, worth approximately $110.68 million.
As published in a research note from KeyBanc Capital Markets on October 25, 2024, Apple Inc [AAPL] has been rated down from a Sector weight to an Underweight and the price target has been revised to $200. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early October. As of August 19, 2024, MoffettNathanson has initiated its “Neutral” rating for AAPL. Earlier on August 02, 2024, Monness Crespi & Hardt 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 -2.02%. Over the course of the year, Apple Inc shares have jumped approximately 17.34%. Shares of the company reached a 52-week high of $237.49 on 10/15/24 and a 52-week low of $164.07 on 04/19/24. A 50-day SMA is recorded $227.17, while a 200-day SMA reached $201.98. Nevertheless, trading volume fell to 59.99 million shares from 47.07 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 224.24, which, if violated, would cause prices to drop to 222.58. In the upper region, resistance lies at 228.70. The next price resistance is at 231.50. RSI (Relative Strength Index) is 43.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.41, which suggests the price will decrease in the coming days. Percent R is at 95.54%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
