Stock Traders Buy Large Volume of Apple Put Options (AAPL)
Shares of Apple (NASDAQ:AAPL) was the recipient of some unusual options trading on Thursday. Stock investors acquired 122,053 put options on the company, Stock Ratings Network reports. This represents an increase of approximately 313% compared to the average daily volume of 29,573 put options.
In other Apple news, SVP D Bruce Sewell sold 12,314 shares of the stock on the open market in a transaction dated 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 sale, the senior vice president now directly owns 10 shares in the company, valued at approximately $4,892. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
AAPL has been the subject of a number of recent research reports. 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, September 27th. 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 given a hold rating, forty have issued a buy rating and three have issued a strong buy rating to the company’s stock. Apple has an average rating of “Buy” and an average target price of $555.88.
Shares of Apple (NASDAQ:AAPL) traded down 1.26% on Thursday, hitting $483.41. 11,521,932 shares of the company’s stock traded hands. Apple has a 52 week low of $385.10 and a 52 week high of $674.25. The stock has a 50-day moving average of $487. and a 200-day moving average of $448.5. The company has a market cap of $439.2 billion and a price-to-earnings ratio of 12.21.
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 $39.32 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.