Neutral Media Coverage Somewhat Unlikely to Impact Apple (AAPL) Stock Price
Media coverage about Apple (NASDAQ:AAPL) has been trending neutral on Sunday, InfoTrie Sentiment reports. The research firm rates the sentiment of press coverage by monitoring more than 6,000 news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Apple earned a news sentiment score of 0.33 on their scale. InfoTrie also gave press coverage about the iPhone maker an news buzz score of 4 out of 10, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Apple’s score:
- Apple keeps a pulse in healthcare (seekingalpha.com)
- Fitbit’s new trackers are cheap and work well, but they’re super basic (finance.yahoo.com)
- Apple Watch detects irregular heart beat in large U.S. study (feeds.reuters.com)
- Jury says Apple violated three Qualcomm patents, should pay $31 million – Android Authority (androidauthority.com)
- Qualcomm Wins First U.S. Jury Trial Against Apple (bloomberg.com)
NASDAQ AAPL opened at $186.12 on Friday. The company has a market capitalization of $889.20 billion, a PE ratio of 15.63, a PEG ratio of 1.85 and a beta of 1.13. Apple has a 1-year low of $142.00 and a 1-year high of $233.47. The company has a current ratio of 1.30, a quick ratio of 1.25 and a debt-to-equity ratio of 0.79.
AAPL has been the topic of several analyst reports. UBS Group raised their target price on Apple from $180.00 to $185.00 in a report on Wednesday, January 30th. Robert W. Baird reiterated a “buy” rating and set a $230.00 price target on shares of Apple in a research report on Monday, November 19th. Royal Bank of Canada reiterated a “buy” rating and set a $240.00 price target on shares of Apple in a research report on Monday, November 19th. Loop Capital lowered their price target on Apple to $225.00 and set a “buy” rating on the stock in a research report on Monday, November 26th. Finally, Canaccord Genuity lowered their price target on Apple from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, November 29th. One investment analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and twenty-four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $193.19.
In related news, Director Arthur D. Levinson sold 1,521 shares of Apple stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $167.71, for a total transaction of $255,086.91. Following the transaction, the director now owns 1,134,804 shares in the company, valued at $190,317,978.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.05% of the company’s stock.
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Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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