Do Traders Think Apple Inc (AAPL) Can Keep Climbing Wednesday?

The market has been high on Apple Inc (AAPL) stock recently. AAPL gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Apple Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on AAPL!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With AAPL Stock Today?

Apple Inc (AAPL) stock is trading at $169.56 as of 11:41 AM on Wednesday, Dec 1, an increase of $4.26, or 2.58% from the previous closing price of $165.30. The stock has traded between $166.04 and $170.20 so far today. Volume today is 58,525,250 compared to average volume of 77,962,363. To see InvestorsObserver's Sentiment Score for Apple Inc click here.

More About Apple Inc

Apple designs a wide variety of consumer electronic devices, including smartphones (iPhone), tablets (iPad), PCs (Mac), smartwatches (Apple Watch), AirPods, and TV boxes (Apple TV), among others. The iPhone makes up the majority of Apple's total revenue. In addition, Apple offers its customers a variety of services such as Apple Music, iCloud, Apple Care, Apple TV+, Apple Arcade, Apple Card, and Apple Pay, among others. Apple's products run internally developed software and semiconductors, and the firm is well known for its integration of hardware, software and services. Apple's products are distributed online as well as through company-owned stores and third-party retailers. The company generates roughly 40% of its revenue from the Americas, with the remainder earned internationally. Click Here to get the full Stock Report for Apple Inc stock.