Significant Insider Selling in Shares of Apple (AAPL) Continues
10:19 PM EST, 02/04/2021 (MT Newswires) -- There was a notable insider sale of Apple shares today, as revealed in a filing with the SEC as -- Katherine L Adams, Officer -- sold 17,000 shares in the company having a market value of approximately $2,273,749 There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 17,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 34,000 shares and have averaged 17,000 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Apple is above its 10-company peer group average. The Phones & Smart Phones peer group saw 2 buy/sell trades during this period for an average of 0.2 transactions per company. However, the number of shares traded per transaction by Apple insiders is lower than its peers. Within the peer group there were 600,000 shares purchased and 17,000 shares sold with company insiders acquiring 291,500 shares on average over this time period.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to create and write this story.
This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.