Apple Inc. (AAPL) Moves Lower on Volume Spike for September 12

Apple Inc. (AAPL) Moves Lower on Volume Spike for September 12

Apple Inc. (AAPL) traded on unusually high volume on Sep. 12, as the stock lost 1.24% to close at $221.07. On the day, Apple Inc. saw 48.96 million shares trade hands on 420,243 trades. Considering that the stock averages only a daily volume of 31.57 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $229.67 and $149.16 over the last 52-weeks, its 50-day SMA is now $204.55, and its 200-day SMA $182.12. Apple Inc. has a P/B ratio of 7.43. It also has a P/E ratio of 18.5.

Apple Inc is designs, manufactures and markets mobile communication and media devices and personal computers, and sells a variety of related software, services, accessories, networking solutions and third-party digital content and applications.

Headquartered in Cupertino, CA, Apple Inc. has 123,000 employees and is currently under the leadership of CEO Timothy D. Cook.

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