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Platinum Investment Management, managed by Marcia Venegas, recently executed a significant transaction involving Apple Inc ((AAPL)). The hedge fund increased its position by 2,500 shares.
Recent Updates on Apple Inc stock
Recent developments for Apple Inc. (AAPL) include significant geopolitical and regulatory challenges, particularly with the U.K. demanding a ‘back door’ to access user data, which may lead to the cessation of encrypted storage services. Additionally, Apple faces potential tariffs and an antitrust investigation in China amid U.S.-China tensions. On the product front, Apple plans to release a more expensive version of the budget iPhone SE. Despite these challenges, hedge funds like Egerton Capital and Robert Bender & Associates have increased their positions in Apple, while Gotham Asset Management reduced its holdings. 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 from $3,419.8 billion to $3,628.3 billion.
More about Apple Inc
YTD Price Performance: -2.21%
Average Trading Volume: 50,445,202
Current Market Cap: $3674.4B
