Shares of Apple (AAPL) Sees Large Outflow of Money

Apple (AAPL) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (166.99 million) in Apple (AAPL). On Monday, The value of composite uptick trades was $420.56 million, whereas, the value of composite downtick trades was $587.55 million and the ratio between the two was 0.72, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $177.3 million. $12.63 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.07. The negative money flow of ($164.66 million) shows selling on strength. Apple (AAPL) gained $1.3 intraday at $109.48 and registrered 1.2% for the week.


Shares of Apple Inc. rose by 1.02% in the last five trading days and 11.43% for the last 4 weeks. Apple Inc. is up 17.25% in the last 3-month period. Year-to-Date the stock performance stands at 5.78%.

Apple (NASDAQ:AAPL): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $108.14 and $108.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $109.54. The buying momentum continued till the end and the stock did not give up its gains. It closed at $109.48, notching a gain of 1.20% for the day. The total traded volume was 25,868,209 . The stock had closed at $108.18 on the previous day.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Apple Inc, Levinson Arthur D had sold 70,000 shares worth of $7,607,600 in a transaction dated August 9, 2016. In this transaction, 70,000 shares were sold at $108.68 per share.

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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