“Apple (AAPL) Director Arthur D. Levinson sold 70,000 shares of the company’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $94.49, for a total transaction of $6,614,300,” Ethan Ryder reports for Ticker Report. “Following the transaction, the director now directly owns 1,138,886 shares of the company’s stock, valued at approximately $107,613,338.”
“Apple opened at 97.39 on Thursday. Apple has a one year low of $63.8886 and a one year high of $99.44. The stock’s 50-day moving average is $95.14 and its 200-day moving average is $84.32. The company has a market cap of $583.2 billion and a P/E ratio of 15.68,” Ryder reports. “The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Shareholders of record on Monday, August 11th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, August 7th.”
Read more in the full article here.
MacDailyNews Take: There’s a nice little haul.
The guy is probably trying to buy a house.
Might get him a small place in Cupertino or a one bedroom in San Fran. hehe
JK…..no really.
Agreed, he probably needed money for something. But I can see some anti-Apple tech “pundit” spinning this into an “Apple collapsing; rats leaving the sinking ship” column.
The guy is probably trying to buy a house…
…In the middle of Manhattan, or maybe Palo Alto. That would be a hella house.
Cashing out 11 mill is for something, otherwise they leave it alone. The only thing I can think of is property. I suppose he could be helping his church build a new school. Ted Turner once donated 1 billion to the EU. I have my vote that it was a house/ranch. Either way he’s going to enjoy it. 🙂 another thought – Investment into Space X.
Ahhh, Apple is his ATM apparently.
He sold 6.6 million worth.
He holds 1.1 million shares.
6.6-1.1=5.5
5.5″ iPhone is coming!
Brilliant deduction!
You’ve made fools of all the analcysts Jax44! Well done.
bizarre timing.
Then again, one doesn’t have to be smart to be rich. All it takes is luck.
Timing = when his options vested and became convertible into marketable shares. That was probably after the most recent quarterly dividend.
Obviously prepaying for five dozen Tesla Model Xs.