RWWM, Inc., managed by Scott Roseman&Aaron Wagner, recently executed a significant transaction involving Apple Inc ((AAPL)). The hedge fund reduced its position by 1,750 shares.
Spark’s Take on AAPL Stock
According to Spark, TipRanks’ AI Analyst, AAPL is a Outperform.
Apple’s stock is supported by strong financial performance, with robust profitability, a solid balance sheet, and healthy cash flow. However, technical indicators suggest a bearish trend, and the valuation appears high with a substantial P/E ratio. The recent earnings call showed strong results, but challenges in certain segments such as China and wearables are concerns. Overall, Apple remains a financially strong company, but market conditions and valuation metrics suggest some caution.
To see Spark’s full report on AAPL stock, click here.
More about Apple Inc
YTD Price Performance: -21.25%
Average Trading Volume: 62,388,329
Current Market Cap: $2918.3B