Rosenblatt Securities Reaffirms Their Sell Rating on Apple Inc (AAPL)

By Austin Angelo

In a report released today, Jun Zhang from Rosenblatt Securities maintained a Sell rating on Apple Inc (AAPLResearch Report), with a price target of $150. The company’s shares closed last Monday at $218.75, close to its 52-week high of $233.47.

According to TipRanks.com, Zhang is a 4-star analyst with an average return of 5.8% and a 60.5% success rate. Zhang covers the Consumer Goods sector, focusing on stocks such as Applied Optoelectronics, Lumentum Holdings, and Viavi Solutions.

Currently, the analyst consensus on Apple Inc is a Moderate Buy with an average price target of $223.93, representing a 1.8% upside. In a report issued on September 10, New Street also maintained a Sell rating on the stock with a $155 price target.

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The company has a one-year high of $233.47 and a one-year low of $142. Currently, Apple Inc has an average volume of 25.82M.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AAPL in relation to earlier this year. Last month, Arthur Levinson, a Director at AAPL sold 17,500 shares for a total of $3,529,575.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.