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Gotham Asset Management LLC, managed by Joel Greenblatt, recently executed a significant transaction involving Apple Inc ((AAPL)). The hedge fund reduced its position by 91,141 shares.
Recent Updates on Apple Inc stock
Recent developments for Apple Inc. (AAPL) involve significant geopolitical and regulatory challenges, including the U.K.’s demand for a ‘back door’ to access user data, which may lead to the cessation of encrypted storage services in the country, and potential antitrust scrutiny in China amidst U.S.-China tensions, affecting its operations. Apple is also set to launch a new, higher-priced version of the budget iPhone SE. Despite these challenges, hedge funds such as Egerton Capital and Robert Bender & Associates have increased their positions in Apple. The stock has experienced a year-to-date price performance decline of about 7.00%, with an average trading volume of over 50 million shares and a current market cap ranging between $3419.8 billion and $3628.3 billion.
More about Apple Inc
YTD Price Performance: -2.21%
Average Trading Volume: 50,445,202
Current Market Cap: $3628.3B
