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 $24,997,395 were sold by WILLIAMS JEFFREY E on Dec 16 ’24. At $249.97 per share, WILLIAMS JEFFREY E sold 100,000 shares. The insider’s holdings dropped to 389,944 shares worth approximately $92.76 million following the completion of this transaction.
Also, WILLIAMS JEFFREY E purchased 100,000 shares, netting a total of over 24,997,440 in proceeds.
Before that, LEVINSON ARTHUR D had sold 75,000 shares from its account. In a trade valued at $17,149,500, the Director traded Apple Inc shares for $228.66 each. Upon closing the transaction, the insider’s holdings decreased to 75,000 shares, worth approximately $1.0 billion.
As published in a research note from MoffettNathanson on January 07, 2025, Apple Inc [AAPL] has been rated down from a Neutral to a Sell and the price target has been revised to $188. Analysts at Bernstein resumed the stock at ‘”an Outperform”‘ outlook in a report released in early January. As of December 26, 2024, Wedbush has reiterated its “an Outperform” rating for AAPL. Earlier on December 02, 2024, UBS resumed its rating. Their recommendation was “a Neutral” for AAPL stock.
Analyzing AAPL Stock Performance
During the last five days, there has been a drop of approximately -1.79%. Over the course of the year, Apple Inc shares have dropped approximately -5.01%. Shares of the company reached a 52-week high of $249.10 on 01/02/25 and a 52-week low of $229.72 on 01/13/25. A 50-day SMA is recorded $239.03, while a 200-day SMA reached $216.42. Nevertheless, trading volume fell to 39.67 million shares from 39.44 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 235.21, which, if violated, would cause prices to drop to 232.56. In the upper region, resistance lies at 239.74. The next price resistance is at 241.62. RSI (Relative Strength Index) is 42.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -10.17, which suggests the price will decrease in the coming days. Percent R is at 73.17%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
