Investors Purchase High Volume of Apple Call Options (AAPL)
Apple (NASDAQ:AAPL) was the recipient of unusually large options trading activity on Wednesday. Stock investors bought 1,172,548 call options on the stock, Stock Ratings Network reports. This is an increase of approximately 208% compared to the average daily volume of 380,619 call options.
A number of analysts have recently weighed in on AAPL shares. Analysts at Pacific Crest downgraded shares of Apple to an “outperform” rating in a research note on Wednesday. They now have a $99.64 price target on the stock. Separately, analysts at Oppenheimer initiated coverage on shares of Apple in a research note on Wednesday. They set a “market perform” rating on the stock. Finally, analysts at Nomura raised their price target on shares of Apple from $95.00 to $104.00 in a research note on Tuesday. They now have a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, ten have given a hold rating and thirty-four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $102.62.
Apple (NASDAQ:AAPL) traded down 4.22% during mid-day trading on Wednesday, hitting $98.94. 125,037,024 shares of the company’s stock traded hands. Apple has a one year low of $63.8886 and a one year high of $103.74. The stock has a 50-day moving average of $97.70 and a 200-day moving average of $86.98. The company has a market cap of $592.4 billion and a price-to-earnings ratio of 16.66.
Apple (NASDAQ:AAPL) last released its earnings data on Tuesday, July 22nd. The company reported $1.28 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $7.47 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Analysts expect that Apple will post $6.33 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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