Apple Inc (AAPL) Files Form 4 Insider Selling : Angela J Ahrendts Sells 35,797 Shares

Apple Inc (AAPL): Angela J Ahrendts , Senior Vice President of Apple Inc sold 35,797 shares on Jul 18, 2016. The Insider selling transaction was reported by the company on Jul 20, 2016 to the Securities and Exchange Commission. The shares were sold at $100.00 per share for a total value of $3,579,700.00 , 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 2, 2016, Angela J Ahrendts (Senior Vice President) sold 25,000 shares at $100.00 per share price.On Jun 1, 2016, Daniel J. Riccio (Senior Vice President) sold 40,755 shares at $100.00 per share price.Also, 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.

Apple: On Monday, Jul 18, 2016 heightened volatility was witnessed in Apple which led to swings in the share price. The shares opened for trading at $98.7 and hit $100.13 on the upside , eventually ending the session at $99.83, with a gain of 1.06% or 1.05 points. The heightened volatility saw the trading volume jump to 3,64,93,867 shares. The 52-week high of the share price is $132.97 and the company has a market cap of $546,811 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 Barclays to Overweight while Lowering the Price Target of the company shares to $ 115 from a previous price target of $121 . The Rating was issued on Jul 15, 2016.Apple is Initiated by Longbow to Buy and the brokerage firm has set the Price Target at $125. The Rating was issued on Jul 6, 2016.Apple is Reiterated by RBC Capital Mkts to Outperform while Lowering the Price Target of the company shares to $ 115 from a previous price target of $120 . The Rating was issued on Jun 17, 2016.Apple is Reiterated by Goldman to Buy while Lowering the Price Target of the company shares to $ 124 from a previous price target of $136 . The Rating was issued on Jun 2, 2016.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 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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