Large Inflow of Money Detected in Apple

Apple (AAPL) stock had a bullish inflow of $615.16 million worth of trades on uptick and an outflow of $442.28 million in downticks on Tuesday. The total uptick to downtick ratio stood at 1.39. The net money flow into the stock was $172.88 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $160.89 million. An inflow of $13.59 million block trade was recorded on downticks. $174.48 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 12.84 in favor of the bulls. However, Apple (AAPL) stock traded down $0.82 , and reached $106, a drop of -0.77% over the previous day. On a weekly basis, the stock is -0.88%, over the previous weeks close.


Also, Equity Analysts at the Brokerage Firm, RBC Capital, maintains their rating on the shares of Apple (NASDAQ:AAPL). RBC Capital has a Outperform rating on the shares. As per the latest research report, the brokerage house raises the price target to $117 per share from a prior target of $115. The rating by the firm was issued on August 11, 2016.

Apple Inc. has dropped 2.62% in the last five trading days, however, the shares have posted positive gains of 0.49% in the last 4 weeks. Apple Inc. is up 8.24% in the last 3-month period. Year-to-Date the stock performance stands at 2.42%.

Apple (NASDAQ:AAPL): The stock opened at $105.80 on Tuesday but the bulls could not build on the opening and the stock topped out at $106.50 for the day. The stock traded down to $105.50 during the day, due to lack of any buying support eventually closed down at $106.00 with a loss of -0.77% for the day. The stock had closed at $106.82 on the previous day. The total traded volume was 24,863,945 shares.

In a related news, The Securities and Exchange Commission has divulged that Sewell D Bruce, officer (SVP, Genl Counsel, Secretary) of Apple Inc, had unloaded 24,000 shares at an average price of $110.11 in a transaction dated on August 16, 2016. The total value of the transaction was worth $2,642,640.

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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