Shares of Apple (NASDAQ:AAPL) Sees Large Outflow of Money

Apple (NASDAQ:AAPL) : Wednesdays money flow analysis of Apple (NASDAQ:AAPL) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $490.69 million. In comparison, the inflow of money on upticks was a meager $480.52 million. The dollar value of composite uptick trades minus the downtick trades was negative $10.17 million. The uptick to downtick ratio of 0.98 in the money flow shows weakness. The uptick block trades were valued at $10.74 million. The downtick transaction value was high at $6.52 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 1.65. Hence, the net money flow in the stock was negative ($4.22 million). Apple (NASDAQ:AAPL) gained $0.81 at $94.4, a change of 0.87% over the previous days close.


In an insider trading activity, Ahrendts Angela J, officer (Senior Vice President) of Apple Inc, unloaded 25,000 shares at an average price of $100 on May 31, 2016. The total amount of the transaction was worth $2,500,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing. 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 59.83% of Apple shares. During last six month period, the net percent change held by insiders has seen a change of -33.73%.

The company shares have dropped -26.07% 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 $96.24 and the 200 Day Moving Average price is recorded at $100.44. Apple (NASDAQ:AAPL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $93.97 and $93.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $94.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $94.40, notching a gain of 0.87% for the day. The total traded volume was 36,531,006 . The stock had closed at $93.59 on the previous day.

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.

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