Apple CEO Tim Cook, Executives Sell Over $100M In Stock - Harbinger Of iPhone 15 Flop? Or Diversifying Their Wallets?
Portfolio Pulse from AJ Fabino
Apple Inc (NASDAQ:AAPL) executives, including CEO Tim Cook, have sold shares totaling $134.58 million as part of a prearranged trading program. This comes after Apple's Q1 report in February showed earnings per share of $1.88, falling short of the projected $1.94, largely due to underperforming iPhone 14 sales. The recent launch of the iPhone 15 raises questions about the company’s performance expectations for the upcoming quarter.
October 04, 2023 | 5:42 pm
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Apple executives have sold a significant amount of stock, raising questions about the company's performance expectations.
The sale of a significant amount of stock by Apple executives, including the CEO, could be seen as a lack of confidence in the company's performance, especially given the recent underperformance of iPhone 14 sales. This could potentially negatively impact the stock price in the short term.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100