Apple Inc (AAPL) Files Form 4 Insider Selling : D Bruce Sewell Sells 103,300 Shares

Apple Inc (AAPL): D Bruce Sewell , SVP, Gen’l Counsel, Secretary of Apple Inc sold 103,300 shares on May 23, 2016. The Insider selling transaction was reported by the company on May 25, 2016 to the Securities and Exchange Commission. The shares were sold at $96.78 per share for a total value of $9,997,374.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 5, 2016, Philip W Schiller (Senior Vice President) sold 26,284 shares at $111.68 per share price.On Apr 5, 2016, Jeffrey E Williams (COO) sold 26,284 shares at $111.43 per share price.Also, On Mar 17, 2016, Luca Maestri (Senior Vice President, CFO) sold 18,241 shares at $103.92 per share price.On Feb 3, 2016, Arthur D Levinson (director) sold 2,008 shares at $95.47 per share price.

Apple: On Friday, May 20, 2016 heightened volatility was witnessed in Apple which led to swings in the share price. The shares opened for trading at $94.64 and hit $95.43 on the upside , eventually ending the session at $95.22, with a gain of 1.08% or 1.02 points. The heightened volatility saw the trading volume jump to 3,20,25,968 shares. The 52-week high of the share price is $132.97 and the company has a market cap of $521,560 M . The 52-week low of the share price is at $89.47.

Apple Money Flow Index Chart

Company has been under the radar of several Street Analysts.Apple is Reiterated by UBS to Buy while Lowering the Price Target of the company shares to $ 115 from a previous price target of $120 . The Rating was issued on May 11, 2016.Apple is Reiterated by Cowen to Outperform while Lowering the Price Target of the company shares to $ 125 from a previous price target of $135 . The Rating was issued on Apr 27, 2016.Apple is Reiterated by RBC Capital Mkts to Outperform while Lowering the Price Target of the company shares to $ 120 from a previous price target of $130 . The Rating was issued on Apr 27, 2016.Apple is Reiterated by Goldman to Buy while Lowering the Price Target of the company shares to $ 136 from a previous price target of $155 . The Rating was issued on Apr 27, 2016.Apple is Reiterated by Piper Jaffray to Overweight while Lowering the Price Target of the company shares to $ 153 from a previous price target of $172 . The Rating was issued on Apr 27, 2016.

Apple Inc. (Apple) designs manufactures and markets mobile communication and media devices personal computers and portable digital music players and a variety of related software services peripherals networking solutions and third-party digital content and applications. The Company’s products and services include iPhone iPad Mac iPod Apple TV a portfolio of consumer and professional software applications the iOS and OS X operating systems iCloud and a variety of accessory service and support offerings. The Company also delivers digital content and applications through the iTunes Store App StoreSM iBookstoreSM and Mac App Store. The Company distributes its products worldwide through its retail stores online stores and direct sales force as well as through third-party cellular network carriers wholesalers retailers and value-added resellers. In February 2012 the Company acquired app-search engine Chomp.

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