Large Outflow of Money Witnessed in Apple

Apple (AAPL) : Wednesdays money flow analysis of Apple (AAPL) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $660.72 million. In comparison, the inflow of money on upticks was a meager $599.62 million. The dollar value of composite uptick trades minus the downtick trades was negative $61.1 million. The uptick to downtick ratio of 0.91 in the money flow shows weakness. The uptick block trades were valued at $20.03 million. The downtick transaction value was high at $69.94 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.29. Hence, the net money flow in the stock was negative ($49.91 million). Apple (AAPL) gained $0.86 at $113.95, a change of 0.76% over the previous days close.


Shares of Apple Inc. rose by 0.35% in the last five trading days and 6.67% for the last 4 weeks. Apple Inc. is up 21.36% in the last 3-month period. Year-to-Date the stock performance stands at 10.1%.

Apple (AAPL) has an average broker rating of 1.5, which is interpreted as a Strong Buy, as rated by 34 equity analysts. Nonetheless, 26 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 3 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Apple (NASDAQ:AAPL): The stock opened at $113.69 and touched an intraday high of $114.64 on Wednesday. During the day, the stock corrected to an intraday low of $113.43, however, the bulls stepped in and pushed the price higher to close in the green at $113.95 with a gain of 0.76% for the day. The total traded volume for the day was 29,636,695. The stock had closed at $113.09 in the previous trading session.

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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