Large Outflow of Money Witnessed in Apple

Apple (AAPL) : The total money flow in Apple (AAPL) was negative ($98.72 million), showing the domination of sellers in the Friday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $581.2 million. Transactions on upticks were comparatively lower at $482.47 million. The uptick to downtick ratio was 0.83. The total block trades done on upticks were valued at $57.24 million. The total block trades on downticks were valued at $164.66 million. The uptick to the downtick ratio of block trades was 0.35. The money flow during block trades was negative ($107.43 million) when the stock traded with a gain of $100 cent. Apple (AAPL) was $107.73, an increase of 0.94% over the previous days close.


The company Insiders own 0.08% of Apple shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -21.75% . Institutional Investors own 56.58% of Apple shares. During last six month period, the net percent change held by insiders has seen a change of -25.02%.

In a related news, The director officer (Chief Executive Officer), of Apple Inc, Cook Timothy D had unloaded 269,883 shares at $106.58 per share in a transaction on August 29, 2016. The total value of transaction was $28,764,130. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Apple (NASDAQ:AAPL): The stock opened at $107.7 and touched an intraday high of $108 on Friday. During the day, the stock corrected to an intraday low of $106.82, however, the bulls stepped in and pushed the price higher to close in the green at $107.73 with a gain of 0.94% for the day. The total traded volume for the day was 26,802,450. The stock had closed at $106.73 in the previous trading session.

Apple (AAPL) : Traders are bullish on Apple (AAPL) as it has outperformed the S&P 500 by a wide margin of 0.37% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.23%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.74% in the last 1 week, and is up 0.23% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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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