Apple Target of Unusually Large Options Trading (AAPL)
Shares of Apple (NASDAQ:AAPL) was the target of unusually large options trading on Thursday. Investors purchased 226,950 call options on the company, American Banking News reports. This is an increase of 543% compared to the typical daily volume of 35,288 call options.
A number of research firms have recently commented on AAPL. Analysts at Piper Jaffray Cos. reiterated an “overweight” rating on shares of Apple (NASDAQ:AAPL) in a research note to investors on Thursday. Separately, analysts at Morgan Stanley reiterated a “positive” rating on shares of Apple (NASDAQ:AAPL) in a research note to investors on Wednesday. Finally, analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of Apple (NASDAQ:AAPL) in a research note to investors on Tuesday.
Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, forty have given a buy rating and three have assigned a strong buy rating to the company. Apple currently has an average rating of “Buy” and a consensus target price of $542.55.
Apple (NASDAQ:AAPL) traded up 1.64% during mid-day trading on Thursday, hitting $472.30. 14,396,226 shares of the company’s stock traded hands. Apple has a 52-week low of $385.10 and a 52-week high of $705.07. The stock’s 50-day moving average is $482.1 and its 200-day moving average is $444.8. The company has a market cap of $429.1 billion and a P/E ratio of 11.59.
Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, July 23rd. The company reported $7.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $7.28 by $0.19. The company had revenue of $35.32 billion for the quarter, compared to the consensus estimate of $35.01 billion. During the same quarter in the prior year, the company posted $9.32 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. On average, analysts predict that Apple will post $39.17 earnings per share for the current fiscal year.
Apple Inc (NASDAQ:AAPL) 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.
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