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Is Apple Inc (AAPL) a Stock to Watch After Losing -1.40% This Week?

Friday, August 26, 2022 10:25 AM | InvestorsObserver Analysts
Is Apple Inc (AAPL) a Stock to Watch After Losing -1.40% This Week?

Apple Inc (AAPL) stock is lower by 1.40% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,neutral
Apple Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on AAPL!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With AAPL Stock Today?

Apple Inc (AAPL) stock is trading at $169.12 as of 10:24 AM on Friday, Aug 26, a decline of -$0.91, or -0.54% from the previous closing price of $170.03. The stock has traded between $168.75 and $171.04 so far today. Volume today is light. So far 9,857,431 shares have traded compared to average volume of 66,665,008 shares. To screen for more stocks like 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.

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