Apple Target of Unusually High Options Trading (AAPL)
Apple (NASDAQ:AAPL) saw some unusual options trading on Tuesday. Stock investors purchased 239,130 put options on the stock, Stock Ratings Network reports. This represents an increase of approximately 155% compared to the typical daily volume of 93,918 put options.
In other Apple news, SVP Jeffrey E. Williams unloaded 1,843 shares of Apple stock on the open market in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $501.09, for a total transaction of $923,508.87. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on AAPL shares. Analysts at Societe Generale upgraded shares of Apple from a “hold” rating to a “buy” rating in a research note to investors on Monday. They now have a $575.00 price target on the stock, up previously from $500.00. Separately, analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of Apple in a research note to investors on Thursday, October 17th. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Apple in a research note to investors on Wednesday, October 16th. They now have a $550.00 price target on the stock. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, forty-two have given a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $558.03.
Shares of Apple (NASDAQ:AAPL) opened at 519.8675 on Wednesday. Apple has a 52-week low of $385.10 and a 52-week high of $705.07. The stock’s 50-day moving average is $481.3 and its 200-day moving average is $444.. The company has a market cap of $472.3 billion and a price-to-earnings ratio of 13.00.
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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