Apple (AAPL) has risen sharply, recording gains of 2.62% in the past 4 weeks. However, the stock has corrected -2.21% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.84% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 0.63% and the fifty day Moving Average is 5.92%. Apple Inc. is up 7.14% in the last three month period. Year-to-Date the stock performance stands at 3.33%.
Apple (AAPL) stock is expected to deviate a maximum of $15.92 from the average target price of $123.13 for the short term period. 24 Street Experts have initiated coverage on the stock with the most promising target being $168 and the most muted being $85.
Apple (NASDAQ:AAPL): On Fridays trading session , Opening price of the stock was $107.41 with an intraday high of $107.95. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $106.31. However, the stock managed to close at $106.94, a loss of 0.59% for the day. On the previous day, the stock had closed at $107.57. The total traded volume of the day was 27,766,291 shares.
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.