Stock Traders Buy High Volume of Put Options on Apple (AAPL)
Apple (NASDAQ:AAPL) saw some unusual options trading on Friday. Investors bought 414,155 put options on the company, American Banking News reports. This represents an increase of approximately 122% compared to the average daily volume of 186,929 put options.
In other Apple news, Director Arthur D. Levinson unloaded 70,000 shares of Apple stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $94.49, for a total transaction of $6,614,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on AAPL. Analysts at Nomura reiterated a “hold” rating on shares of Apple in a research note on Wednesday, July 23rd. They now have a $95.00 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of Apple from $102.00 to $104.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock. Finally, analysts at Nomura reiterated a “neutral” rating on shares of Apple in a research note on Wednesday, July 23rd. They now have a $95.00 price target on the stock, up previously from $88.71. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirty-three have given a buy rating to the stock. Apple currently has a consensus rating of “Buy” and an average price target of $101.30.
Shares of Apple (NASDAQ:AAPL) traded up 0.49% during mid-day trading on Friday, hitting $97.98. 48,851,580 shares of the company’s stock traded hands. Apple has a 52-week low of $63.8886 and a 52-week high of $99.44. The stock has a 50-day moving average of $95.35 and a 200-day moving average of $84.41. The company has a market cap of $586.7 billion and a P/E ratio of 15.73.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.22 by $0.06. The company had revenue of $37.43 billion for the quarter, compared to the consensus estimate of $37.80 billion. During the same quarter last year, the company posted $7.47 earnings per share. Apple’s revenue was up 6.0% compared to the same quarter last year. On average, analysts predict that Apple will post $6.33 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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