Apple Inc (AAPL) Files Form 4 Insider Selling : Albert Jr Gore Sells 215,437 Shares

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Apple Inc (AAPL): Albert Jr Gore , director of Apple Inc sold 215,437 shares on Feb 22, 2017. The Insider selling transaction was reported by the company on Feb 24, 2017 to the Securities and Exchange Commission. The shares were sold at $136.72 per share for a total value of $29454546 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 22, 2017, Johny Srouji (Senior Vice President) sold 13,207 shares at $136.25 per share price.On Feb 17, 2017, Craig Federighi (Senior Vice President) sold 70,627 shares at $135.30 per share price.Also, On Feb 3, 2017, D Bruce Sewell (SVP, Gen’l Counsel, Secretary) sold 75,000 shares at $128.43 per share price.On Feb 3, 2017, Arthur D Levinson (director) sold 2,580 shares at $127.99 per share price.

Apple: On Wednesday, Feb 22, 2017 heightened volatility was witnessed in Apple which led to swings in the share price. The shares opened for trading at $136.43 and hit $137.12 on the upside , eventually ending the session at $137.11, with a gain of 0.30% or 0.41 points. The heightened volatility saw the trading volume jump to 2,08,36,932 shares. The 52-week high of the share price is $137.12 and the company has a market cap of $719,353 M . The 52-week low of the share price is at $89.47.

Apple Money Flow Index Chart

Company has been under the radar of several Street Analysts.Apple is Reiterated by Mizuho to Buy and the brokerage firm has raised the Price Target to $ 150 from a previous price target of $135 .The Rating was issued on Feb 27, 2017.Apple is Reiterated by Morgan Stanley to Overweight and the brokerage firm has raised the Price Target to $ 154 from a previous price target of $150 .The Rating was issued on Feb 21, 2017.Apple is Reiterated by Goldman to Buy and the brokerage firm has raised the Price Target to $ 150 from a previous price target of $133 .The Rating was issued on Feb 13, 2017.Apple is Reiterated by Mizuho to Buy and the brokerage firm has raised the Price Target to $ 135 from a previous price target of $130 .The Rating was issued on Feb 1, 2017.Apple is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 140 from a previous price target of $125 .The Rating was issued on Feb 1, 2017.

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 Company’s 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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Joseph Blanchard

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