Apple Sees Unusually High Options Volume (AAPL)
Shares of Apple (NASDAQ:AAPL) was the recipient of unusually large options trading activity on Monday. Investors acquired 107,493 call options on the stock, Stock Ratings Network reports. This is an increase of approximately 303% compared to the typical volume of 26,702 call options.
In other Apple news, SVP D Bruce Sewell unloaded 12,314 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $489.17, for a total value of $6,023,639.38. Following the completion of the sale, the senior vice president now directly owns 10 shares in the company, valued at approximately $4,892. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on AAPL shares. Analysts at Global Equities Research raised their price target on shares of Apple (NASDAQ:AAPL) to $725.00 in a research note to investors on Monday. Separately, analysts at Monness Crespi & Hardt raised their price target on shares of Apple (NASDAQ:AAPL) from $520.00 to $550.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, 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, September 24th. They now have a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, forty have given a buy rating and three have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $555.88.
Apple (NASDAQ:AAPL) traded down 1.24% on Monday, hitting $476.75. 9,250,070 shares of the company’s stock traded hands. Apple has a 52 week low of $385.10 and a 52 week high of $676.75. The stock’s 50-day moving average is $486.1 and its 200-day moving average is $447.. The company has a market cap of $433.1 billion and a price-to-earnings ratio of 12.04.
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 last year, the company posted $9.32 earnings per share. Apple’s revenue was up .9% compared to the same quarter last year. Analysts expect that Apple will post $39.37 EPS 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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