Apple stock news today
Here are the latest news and updates on Apple Inc. (AAPL) stock:
Current Stock Price: $143.44 (as of 10:30 AM EST)
Market News:
- Apple's stock price has been trading relatively flat in recent days, with some analysts citing concerns over the company's ability to maintain its growth momentum in the face of increased competition from other tech giants.
- However, some analysts remain bullish on Apple's prospects, citing its strong brand loyalty, innovative products, and growing services segment.
- In a recent note, Morgan Stanley analyst Katy Huberty reiterated her "overweight" rating on Apple, citing the company's "strong" fundamentals and "attractive" valuation.
Recent Developments:
- Apple announced last week that it would be launching a new iPhone SE model in the spring, which is expected to be a more affordable option for budget-conscious consumers.
- The company also announced that it would be expanding its Apple Card credit card program to more countries, including the UK, Canada, and Australia.
- Apple's services segment, which includes the Apple Card, Apple Music, and Apple TV+, continues to grow rapidly, with revenue up 17% year-over-year in the company's latest quarterly earnings report.
Analyst Estimates:
- According to Refinitiv, the average analyst estimate for Apple's next quarterly earnings report is $2.32 per share, with a range of $2.15 to $2.50.
- For the full fiscal year, analysts are expecting Apple's earnings to come in at $9.43 per share, with a range of $8.75 to $10.25.
Trading Volume:
- Apple's trading volume has been relatively light in recent days, with around 12 million shares traded in the past hour.
- The company's 50-day moving average is currently at $137.44, while its 200-day moving average is at $134.44.
Options Activity:
- Options traders are showing a mix of bullish and bearish sentiment, with calls and puts trading at roughly equal levels.
- The most actively traded options contracts are the April 145 calls and the March 140 puts.
Please note that this information is subject to change and may not reflect the current market situation. It's always a good idea to do your own research and consult with a financial advisor before making any investment decisions.