Viking Global Investors LP, managed by Andreas Halvorsen, recently executed a significant transaction involving Apple Inc ((AAPL)). The hedge fund increased its position by 4,859,142 shares.
Recent Updates on Apple Inc stock
Recent developments for Apple Inc. (AAPL) involve significant geopolitical and regulatory challenges alongside strategic product launches. The company is facing potential regulatory issues in the U.K., which demands a ‘back door’ to access user data, possibly leading Apple to halt encrypted storage services there. Additionally, tensions with China pose further challenges, including potential tariffs and an antitrust investigation into Apple’s App Store policies. On the product front, Apple plans to introduce 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 of -7.00%, with an average trading volume of approximately 50 million shares and a current market cap of around $3,419.8 billion.
More about Apple Inc
YTD Price Performance: -2.21%
Average Trading Volume: 50,445,202
Current Market Cap: $3628.3B