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What is the Market's View on Apple Inc (AAPL) Stock's Price and Volume Trends Wednesday?

Wednesday, February 07, 2024 10:04 AM | InvestorsObserver Analysts

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What is the Market's View on Apple Inc (AAPL) Stock's Price and Volume Trends Wednesday?

Apple Inc (AAPL) stock has risen 2.39% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Apple Inc has a Bullish 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. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With AAPL Stock Today?

Apple Inc (AAPL) stock is down -0.26% while the S&P 500 has gained 0.41% as of 10:03 AM on Wednesday, Feb 7. AAPL has fallen -$0.50 from the previous closing price of $189.30 on volume of 5,768,485 shares. Over the past year the S&P 500 has risen 21.00% while AAPL has gained 24.44%. AAPL earned $6.43 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 29.39.

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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