Apple stock fell Thursday after brokerage firm Jefferies downgraded it to hold from buy. Jefferies analyst Edison Lee assumed coverage of Apple stock with a neutral rating. In a report titled, "Waiting for the Apple to Ripen," Lee said the consumer electronics giant won't truly benefit from its artificial intelligence moves, branded Apple Intelligence, until the 2026-27 time frame.
We recently published an article titled, Jim Cramer on Netflix and Other Stocks. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against other stocks discussed by Jim Cramer. Recently, Mad Money’s host, Jim Cramer addressed what he called a “ridiculous plethora of sell-side downgrades,” noting that the […]
Cook acquired 477,301 Apple shares on Oct. 1 through vested restricted stock units, and sold 223,986 shares on Oct. 2 for $50.3 million, an average price of $224.46 each, according to a form he filed with the Securities and Exchange Commission. A total of 253,315 shares were withheld by Apple to satisfy tax-withholding requirements from the vesting of the RSUs. The sale transactions were executed by a so-called Rule 10b5-1(c) plan, which Cook adopted May 24.