Apple Target of Unusually High Options Trading (AAPL)
Shares of Apple (NASDAQ:AAPL) was the target of unusually large options trading activity on Friday. Stock investors bought 222,696 call options on the company, American Banking News reports. This is an increase of approximately 235% compared to the typical daily volume of 66,383 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 transaction 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 document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at BMO Capital Markets raised their price target on shares of Apple (NASDAQ:AAPL) from $480.00 to $508.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, forty have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $554.77.
Apple (NASDAQ:AAPL) traded down 0.08% during mid-day trading on Friday, hitting $483.03. 9,239,347 shares of the company’s stock traded hands. Apple has a one year low of $385.10 and a one year high of $666.00. The stock has a 50-day moving average of $486.8 and a 200-day moving average of $448.8. The company has a market cap of $438.8 billion and a P/E ratio of 12.05.
Apple (NASDAQ:AAPL) last released its earnings data on Tuesday, July 23rd. The company reported $7.47 earnings per share for the quarter, beating the analysts’ 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 $39.32 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.
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