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Gamco Investors, Inc. ET AL, managed by Mario Gabelli, recently executed a significant transaction involving Apple Inc ((AAPL)). The hedge fund increased its position by 6,486 shares.
Recent Updates on Apple Inc stock
Apple Inc. (AAPL) is currently facing significant geopolitical and regulatory challenges, including the U.K.’s demand for a ‘back door’ to access user data and potential antitrust scrutiny in China amidst U.S.-China tensions. These issues may affect Apple’s operations, particularly its encrypted storage services and App Store policies. Despite these challenges, Apple plans to release a more expensive version of its budget iPhone SE. The stock has experienced a year-to-date price performance decline of approximately 7.00%, with a current market cap ranging from $3,419.8 billion to $3,628.3 billion and an average trading volume of over 50 million shares. Hedge funds like Egerton Capital and Robert Bender & Associates have increased their holdings in Apple, indicating ongoing investor interest.
More about Apple Inc
YTD Price Performance: -2.21%
Average Trading Volume: 50,445,202
Current Market Cap: $3674.4B
