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Progressive Investment Management Corp, managed by Carsten Henningsen, recently executed a significant transaction involving Apple Inc ((AAPL)). The hedge fund reduced its position by 1,338 shares.
Spark’s Take on AAPL Stock
According to Spark, TipRanks’ AI Analyst, AAPL is a Outperform.
Apple’s overall stock score of 80 reflects its strong financial performance and positive earnings call, which highlight robust revenue growth and profitability. However, the high valuation and technical indicators suggesting an overbought condition temper the score. The company’s strategic focus on expanding its services and overcoming supply chain challenges supports its long-term growth prospects.
To see Spark’s full report on AAPL stock, click here.
More about Apple Inc
YTD Price Performance: 8.26%
Average Trading Volume: 52,943,830
Current Market Cap: $3990.2B