Apple Inc (AAPL) Files Form 4 Insider Selling : Daniel J. Riccio Sells 40,755 Shares

Apple Inc (AAPL): Daniel J. Riccio , Senior Vice President of Apple Inc sold 40,755 shares on May 27, 2016. The Insider selling transaction was reported by the company on Jun 1, 2016 to the Securities and Exchange Commission. The shares were sold at $100.00 per share for a total value of $4,075,500.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 1, 2016, Eduardo H Cue (Senior Vice President) sold 50,000 shares at $99.44 per share price.On May 31, 2016, Johny Srouji (Senior Vice President) sold 8,000 shares at $99.75 per share price.Also, On May 31, 2016, Angela J Ahrendts (Senior Vice President) sold 50,000 shares at $100.00 per share price.On May 25, 2016, D Bruce Sewell (SVP, Gen’l Counsel, Secretary) sold 103,300 shares at $96.78 per share price.

Shares of Apple (AAPL) ended Wednesday, Jun 1, 2016 session in red amid volatile trading. The shares closed down -1.4 points or -1.40% at $98.46 with 2,91,73,285 shares getting traded. Post opening the session at $99.02, the shares hit an intraday low of $98.33 and an intraday high of $99.54 and the price vacillated in this range throughout the day. The company has a market cap of $539,307 M and the number of outstanding shares has been calculated to be 5,47,74,25,000 shares. The 52-week high of Apple is $132.97 and the 52-week low is $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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