Shares of Apple (AAPL) Rally 2.17%

Apple (AAPL) has been under a strong bear grip, hence the stock is down -0.72% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.67% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.17% in the last 1 week, and is up 3.62% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 3.23% and the 50-Day Moving Average is 2.9%.

Apple (NASDAQ:AAPL): The stock opened at $98.92 on Friday but the bulls could not build on the opening and the stock topped out at $99.30 for the day. The stock traded down to $98.50 during the day, due to lack of any buying support eventually closed down at $98.78 with a loss of -0.01% for the day. The stock had closed at $98.79 on the previous day. The total traded volume was 30,136,990 shares.


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 -32.05% . Institutional Investors own 59.88% of Apple shares. During last six month period, the net percent change held by insiders has seen a change of -33.73%. In a related news,The officer (Senior Vice President) of Apple Inc, Ahrendts Angela J sold 25,000 shares at $100 on May 31, 2016. The Insider selling transaction had a total value worth of $2,500,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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