Apple Stock

Apple Shares Hit Lowest Level Since June 2021

Amid an ongoing selloff of big-tech stocks, bolstered by iPhone supply concerns during the key holiday period, Apple’s stock price has now reached its lowest level since June 2021 (via Bloomberg). AAPL fell 1.4% on Tuesday to mark a third straight decline, with the Nasdaq 100 down 0.8%. Even though Apple remains a modest outperformer for 2022...

Canada Pension Plan Just Dumped 1.3 Million Apple Shares

Canada Pension Plan (CPP), Canada's largest pension fund by assets managed, dumped over a quarter of its holdings in Apple during the third quarter of 2022 — reports Barron's. The Canada Pension Plan Investment Board, which manages the pension, disclosed in Q3 filings with the Securities and Exchange Commission that the fund sold 1.3 million...

Apple Set a New One-Day Market Cap Record on Thursday

Apple on Thursday set a new stock market record for one-day gains in market capitalization after adding a whopping $190.9 billion USD to its valuation — reports Bloomberg. The iPhone maker is currently the world's most valuable company by market cap. Apple's Thursday rally beat Amazon's $190.8 billion surge from February. What's more, Apple now...

Apple is Still the ‘Greatest Stock of All Time’ Says Jim Cramer

Following Morgan Stanley's estimate that Apple’s App store net revenue tumbled a record 5% last month, CNBC's Jim Cramer has said that investors should ignore negative calls about the iPhone maker and hold onto their shares. “The next time you hear this Apple mishegoss, you need to recognize that you’re still getting one more buying opportunity in...

Apple Surpasses Tesla as Most-Shorted US Stock

Apple has just overtaken Tesla as the most-shorted US stock in dollar terms after the electric car maker held the title for 864 days, or more than two years, Business Insider is reporting. According to an S3 Partners report titled "Apple is the New #1 Short” published this week, short interest in Apple has surged to $18.4...

Apple No Longer the Most Held Robinhood Stock

Apple (AAPL) has regularly been the most held stock on the Robinhood online trading platform, but as of the beginning of August 2022, the technology giant has been displaced by Tesla as the top stock on Robinhood. Robinhood investors love momentum stocks, and Tesla has been supercharged lately. The company has also consistently been profitable. In...

Warren Buffet’s Apple Bet Gains $8 Billion in Less Than 24 Hours

Billionaire investor Warren Buffett’s big bet on Apple gained over $8 billion USD in value on Friday as the Cupertino, California-based tech giant's stock surged more than 5% after strong quarterly earnings and CEO Tim Cook saying he sees supply chain constraints easing up in the coming months (via CNBC). Apple on Thursday announced a record...

Apple Stock Climbs 7% Ahead of Tomorrow’s ‘iPhone 12’ Launch Event

Apple shares (AAPL) saw a 7% surge today just ahead of the company’s highly-anticipated 'iPhone 12' launch event, thanks to a Sunday note from investment firm Wedbush which called the event a "once in a decade" opportunity for Apple to capitalize on its 950 million iPhone users (via Business Insider). Shares of Apple jumped more than...

Apple Completes its Fifth Stock Split, Investors Receive Four Shares for One

Apple has today completed its fifth-ever stock split with investors receiving four shares for every one share held (via Business Insider). The split has resulted in the Cupertino company’s stock price being quartered from nearly $500 last week to around $125 today. Back in 1987, Apple announced its first-ever 2-for-1 stock split with shares going on to return...

Apple Stock Rises Following RBC Capital’s Boosted Price Target

Following RBC Capital Markets analyst Robert Muller's boosted price target on the stock to $390 from the previous $345, Apple’s shares (AAPL) saw a surge of 0.6% during today's morning trading (via Market Watch).  "While Apple's significant capital return program is well known by the market, we do not believe the market is giving enough...

Goldman Downgrades Apple Stock to Sell, Predicts 36% Drop in iPhone Shipments

Citing coronavirus-related lockdowns around the world, analysts at Goldman Sachs are predicting a 36% drop in iPhone shipments during the current quarter, Reuters is reporting. The analysts have also lowered their price target for the stock by 7% to $233 in their report forecasting the drop in iPhone demand. According to the publication, a Goldman "sell"...