The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 $24.6 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 $111.82 million.
As published in a research note from Loop Capital on November 04, 2024, Apple Inc [AAPL] has been retained to a Buy and the price target has been revised to $275. Analysts at Maxim Group resumed the stock at ‘”a Hold”‘ outlook in a report released in early November. As of October 25, 2024, KeyBanc Capital Markets has decreased its “Sector weight” rating to a “an Underweight” for AAPL. Earlier on October 07, 2024, Jefferies downgraded its rating. Their new recommendation was “a Hold” for AAPL stock which previously was a “a Buy”.
Analyzing AAPL Stock Performance
During the last five days, there has been a surge of approximately 0.33%. Over the course of the year, Apple Inc shares have jumped approximately 18.54%. 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 $226.96, while a 200-day SMA reached $203.65. Nevertheless, trading volume fell to 44.83 million shares from 48.57 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 225.86, which, if violated, would cause prices to drop to 223.49. In the upper region, resistance lies at 229.73. The next price resistance is at 231.23. RSI (Relative Strength Index) is 51.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.60, which suggests the price will decrease in the coming days. Percent R is at 43.34%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
