Stock Traders Purchase Large Volume of Call Options on Apple (AAPL)
Shares of Apple (NASDAQ:AAPL) was the recipient of some unusual options trading activity on Thursday. Stock traders purchased 166,703 call options on the company, AnalystRatingsNetwork reports. This represents an increase of 429% compared to the average daily volume of 31,542 call options.
In other Apple news, SVP D Bruce Sewell sold 12,314 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $489.17, for a total value of $6,023,639.38. Following the transaction, the senior vice president now directly owns 10 shares of the company’s stock, valued at approximately $4,892. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on AAPL shares. 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 assigned a hold rating, forty have assigned a buy rating and three have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $551.02.
Shares of Apple (NASDAQ:AAPL) traded up 0.97% on Thursday, hitting $486.22. The stock had a trading volume of 8,429,594 shares. Apple has a 1-year low of $385.10 and a 1-year 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 $441.7 billion and a price-to-earnings ratio of 12.01.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data 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 last year, the company posted $9.32 earnings per share. Apple’s revenue was up .9% compared to the same quarter last year. On average, analysts predict that Apple will post $39.35 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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