Investors Purchase High Volume of Apple Call Options (AAPL)
Apple (NASDAQ:AAPL) was the target of some unusual options trading activity on Tuesday. Traders purchased 183,817 call options on the stock, AmericanBankingNews.com reports. This represents an increase of 146% compared to the average daily volume of 74,819 call options.
AAPL has been the subject of a number of recent research reports. Analysts at Barclays Capital reiterated an “overweight” rating on shares of Apple in a research note to investors on Tuesday. Separately, analysts at Wells Fargo & Co. reiterated a “positive” rating on shares of Apple in a research note to investors on Tuesday. Finally, analysts at Cowen and Company reiterated a “positive” rating on shares of Apple in a research note to investors on Monday. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, forty-one have assigned a buy rating and three have given a strong buy rating to the company. Apple currently has a consensus rating of “Buy” and an average target price of $558.90.
Apple (NASDAQ:AAPL) traded down 1.40% during mid-day trading on Tuesday, hitting $480.94. The stock had a trading volume of 10,329,548 shares. Apple has a 1-year low of $385.10 and a 1-year high of $652.79. The stock’s 50-day moving average is $486.0 and its 200-day moving average is $449.. The company has a market cap of $436.9 billion and a P/E ratio of 12.16.
Apple (NASDAQ:AAPL) last announced its 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 $39.32 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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