Large Inflow of Money Detected in Apple

Apple (AAPL) : Apple (AAPL) had a healthy money flow of $40.29 million into the stock during the Wednesdays trading session. The value of bullish trades on upticks was $387.73 million, whereas, investors only sold shares worth $347.44 million on downticks. The stock closed the day with an up-down ratio of 1.12.The money flow in the block trades to the tune of $34.85 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $50.04 million worth of transactions were on upticks. A paltry $15.19 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 3.29. Apple (AAPL) stock slid $0.05 intraday and traded at 99.83, a change of -0.05% over previous days close. However, for the week, the company shares are 1.06% compared to previous weeks close.


Also, Brokerage firm Barclays maintains its rating on Apple (NASDAQ:AAPL). As per the latest information, the brokerage house lowers the price target to $115 per share from a prior target of $121. The shares have been rated Overweight. The rating by the firm was issued on July 15, 2016.

Apple (NASDAQ:AAPL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $100.00 and $99.74 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $100.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $99.96, notching a gain of 0.09% for the day. The total traded volume was 26,275,968 . The stock had closed at $99.87 on the previous day.

The stock has recorded a 20-day Moving Average of 3.9% and the 50-Day Moving Average is 3.72%. In a related news,The officer (Senior Vice President) of Apple Inc, Ahrendts Angela J sold 25,000 shares at $100 on May 31, 2016. The Insider selling transaction had a total value worth of $2,500,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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