During Tuesday’s Afternoon trade, Shares of Apple Inc. (NASDAQ:AAPL), gained 0.20% to $111.84.
The stock belongs to Consumer Goods category. It is evergreen active stock and every investor want to invest in this stock, as Apple has been in news for the record sales of its latest iPhones.
In the launch weekend, the company sold over 13 million units of iPhone 6S and 6S Plus as opposed to 10 million units sold of the previous versions of iPhones during the launch weekend last year.
In addition, Morgan Stanley raised its price target to 162 from 155 on Sunday, based on higher-than-predictable demand for the new iPhone.
Short Interest Report:
Short interest is a market-sentiment indicator that tells whether investors think a stock’s price is likely to fall. Short interest can also be contrast over time to examine changes in investor sentiment. Investors use short interest to make predictions about the direction a particular stock is headed, and to measure the bullishness or bearishness of investors’ sentiment towards the market as a whole.
Apple (AAPL) saw a notable cut in short interest in September. As of September 30th, there was short interest totaling 87,080,841 shares, a decline of 6.0% from the September 15th total of 92,636,145 shares, MarketBeat.Com reports. About 1.5% of the company’s shares are short sold. Based on an average daily volume of 55,635,704 shares, the days-to-cover ratio is right now 1.6 days.
Current Session Update:
Today, the stock started its trading session at $110.84, and is now floating in a range of $110.68 - $112.45. Its 52-week range is maintained as $92.00 - $134.54. 23,836,090 shares have exchanged hands till now as compared to its average daily volume of 60,791,800 shares. The stock holds the market capitalization of 638.42B.
P/E Value:
The Price-to-Earnings Ratio or P/E ratio is a ratio for valuing a company that measures its current share price relative to its per-share earnings.
For the trailing twelve months, P/E ratio for AAPL stands at 12.94.
AAPL’s News Update:
Today, Apple® updated the entire iMac® family, bringing a stunning new Retina® 4K display to the 21.5-inch iMac for the first time and the Retina 5K display to every 27-inch iMac. The new Retina displays make photos and videos more immersive and true-to-life thanks to a wider color gamut and spectacular image quality. The updated iMacs also feature more powerful processors and graphics, two Thunderbolt® 2 ports and new storage options that make the high-performance Fusion Drive even more affordable.
Apple recently also introduced a new lineup of wireless accessories counting the all-new Magic Keyboard™, Magic Mouse® 2 and Magic Trackpad® 2. The Magic devices have been redesigned to feel more comfortable than ever, and feature rechargeable batteries that completely eliminate the need for disposable batteries. The new Magic Trackpad 2 also brings Apple’s revolutionary Force Touch interface to the desktop, adding a new dimension to the iMac experience.
Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, watches, and portable digital music players worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.
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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
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