Shares of Apple (AAPL) Sees Large Outflow of Money

Apple (AAPL) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($12.37 million) and the uptick to downtick ratio was 0.98. The transaction value on upticks was $558.98 million and on downticks, the transaction value was $571.35 million. In block trades, the transaction value of inflow done during uptick was $26.2 million. The transaction value of block trades during downticks was $47.83 million. The uptick to downtick block trade ratio was 0.55. The money flow was negative ($21.63 million), indicating the traders were booking profit on the price strength. Apple (AAPL) rose $1.92 at $98.79, during intraday Thursday , a rise of 1.98% over the previous days close.


The stock has recorded a 20-day Moving Average of 3.33% and the 50-Day Moving Average is 3%. Shares have dropped -22.82% from its 1 Year high price. On Jul 20, 2015, the shares registered one year high at $132.97 and the one year low was seen on May 12, 2016. The 50-Day Moving Average price is $96.95 and the 200 Day Moving Average price is recorded at $99.65.

Apple (NASDAQ:AAPL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $97.39 and $97.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $98.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $98.79, notching a gain of 1.98% for the day. The total traded volume was 38,918,997 . The stock had closed at $96.87 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged that Ahrendts Angela J, officer (Senior Vice President) of Apple Inc, had unloaded 25,000 shares at an average price of $100 in a transaction dated on May 31, 2016. The total value of the transaction was worth $2,500,000.

Apple Inc. (Apple) 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. The Companys products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings. The Company also delivers digital content and applications through the iTunes Store, App StoreSM, iBookstoreSM, and Mac App Store. The Company distributes its products worldwide through its retail stores, online stores, and direct sales force, as well as through third-party cellular network carriers, wholesalers, retailers, and value-added resellers. In February 2012, the Company acquired app-search engine Chomp.

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