Apple (NASDAQ:AAPL) has tumbled 3.54% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 0.12% in the last four weeks. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.38%. Apple (NASDAQ:AAPL) has underperformed the index by 0.8% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Apple (NASDAQ:AAPL): The stock opened at $96.62 on Friday but the bulls could not build on the opening and the stock topped out at $96.65 for the day. The stock traded down to $95.30 during the day, due to lack of any buying support eventually closed down at $95.33 with a loss of -2.28% for the day. The stock had closed at $97.55 on the previous day. The total traded volume was 61,008,219 shares.
The company shares have dropped -24.70% from its 1 Year high price. On Jul 20, 2015, the shares registered one year high at $132.97 and the one year low was seen on May 12, 2016. The 50-Day Moving Average price is $96.03 and the 200 Day Moving Average price is recorded at $101.91.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Senior Vice President) of Apple Inc, Ahrendts Angela J had sold 25,000 shares worth of $2,500,000 in a transaction dated May 31, 2016. In this transaction, 25,000 shares were sold at $100 per share.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, Goldman Sachs maintains its rating on Apple (NASDAQ:AAPL).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Goldman Sachs lowers the new price target from $136 per share to $124 per share. The rating by the firm was issued on June 2, 2016. Currently the company Insiders own 0.08% of Apple shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -32.05% . Institutional Investors own 59.81% of Apple shares. During last six month period, the net percent change held by insiders has seen a change of -33.73%.
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 Companys 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.