Apple Sees Unusually High Options Volume (AAPL)
Apple (NASDAQ:AAPL) was the target of unusually large options trading activity on Wednesday. Stock traders acquired 105,132 put options on the company, Stock Ratings Network.com reports. This is an increase of 755% compared to the typical daily volume of 12,296 put options.
In other Apple news, SVP D Bruce Sewell unloaded 12,314 shares of the stock on the open market in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $489.17, for a total transaction of $6,023,639.38. Following the completion of the transaction, the senior vice president now directly owns 10 shares in the company, valued at approximately $4,892. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on AAPL. Analysts at Canaccord Genuity raised their price target on shares of Apple (NASDAQ:AAPL) from $550.00 to $560.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Apple (NASDAQ:AAPL) from $525.00 to $540.00 in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of Apple (NASDAQ:AAPL) from $530.00 to $560.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock.
Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, forty have given a buy rating and three have given a strong buy rating to the company’s stock. Apple has a consensus rating of “Buy” and a consensus target price of $551.02.
Apple (NASDAQ:AAPL) traded down 1.55% during mid-day trading on Wednesday, hitting $481.53. The stock had a trading volume of 11,319,177 shares. Apple has a 52-week low of $385.10 and a 52-week high of $682.17. The stock’s 50-day moving average is $484.3 and its 200-day moving average is $446.7. The company has a market cap of $437.5 billion and a price-to-earnings ratio of 12.20.
Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $7.47 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $9.32 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. On average, analysts predict that Apple will post $39.29 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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