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 $17,149,500 were sold by LEVINSON ARTHUR D on Nov 18 ’24. At $228.66 per share, LEVINSON ARTHUR D sold 75,000 shares. The insider’s holdings dropped to 4,209,576 shares worth approximately $961.97 million following the completion of this transaction.
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Also, LEVINSON ARTHUR D sold 75,000 shares, netting a total of over 16,851,000 in proceeds. Following the sale of shares at $224.68 each, the insider now holds 4,284,576 shares.
Before that, LEVINSON ARTHUR D had sold 50,000 shares from its account. In a trade valued at $11,464,000, the Director traded Apple Inc shares for $229.28 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $950.55 million.
As published in a research note from MoffettNathanson on November 19, 2024, Apple Inc [AAPL] has been retained to a Neutral and the price target has been revised to $202. Analysts at Loop Capital resumed the stock at ‘”a Buy”‘ outlook in a report released in early November. As of November 01, 2024, Maxim Group has reiterated its “Hold” rating for AAPL. Earlier on October 25, 2024, KeyBanc Capital Markets downgraded its rating. Their new recommendation was “an Underweight” for AAPL stock which previously was a “a Sector weight”.
Analyzing AAPL Stock Performance
During the last five days, there has been a surge of approximately 0.13%. Over the course of the year, Apple Inc shares have jumped approximately 18.69%. 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 $227.59, while a 200-day SMA reached $204.64. Nevertheless, trading volume fell to 40.95 million shares from 35.17 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 226.10, which, if violated, would cause prices to drop to 223.68. In the upper region, resistance lies at 230.55. The next price resistance is at 232.57. RSI (Relative Strength Index) is 52.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.65, which suggests the price will increase in the coming days. Percent R is at 15.69%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
