Apple Inc’s recently made public 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 $23.93 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 $108.77 million.
Loop Capital reiterated its Apple Inc [AAPL] rating to a Buy in a research note published on November 04, 2024; the price target was $275. A number of analysts have revised their coverage, including Maxim Group’s analysts, who remained covering the stock and in early November has reiterated a ‘”a Hold”‘ rating for it. KeyBanc Capital Markets also remained covering AAPL and has decreased its forecast on October 25, 2024 with a “an Underweight” recommendation from previously “Sector weight” rating. Jefferies revised its rating on October 07, 2024. It rated AAPL as “a Hold” which previously was an “a Buy”.
Price Performance Review of AAPL
On Monday, Apple Inc [NASDAQ:AAPL] saw its stock fall -0.40% to $222.01. Over the last five days, the stock has lost -4.88%. Apple Inc shares have risen nearly 15.31% since the year began. Nevertheless, the stocks have risen 25.03% 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 $227.04, while 200 days put it at $202.30.
Levels Of Support And Resistance For AAPL Stock
The 24-hour chart illustrates a support level at 220.22, which if violated will result in even more drops to 218.42. On the upside, there is a resistance level at 223.30. A further resistance level may holdings at 224.58. The Relative Strength Index (RSI) on the 14-day chart is 38.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.58%. Stochastics %K at 11.07% indicates the stock is a buying.
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 19, 2024 when MoffettNathanson began covering the stock and recommended ‘”a Neutral”‘ rating along with a $211 price target.
