Woodline Partners LP, managed by Michael Rockefeller, recently executed a significant transaction involving Apple Inc ((AAPL)). The hedge fund reduced its position by 881,837 shares.
Recent Updates on Apple Inc stock
Recent developments for Apple Inc. (AAPL) include facing significant geopolitical and regulatory challenges, particularly due to the U.K.’s demand for a ‘back door’ to access user data, which could lead to the cessation of encrypted storage services in the country. Additionally, escalating U.S.-China tensions pose risks, including potential tariffs and antitrust scrutiny over Apple’s App Store policies in China. On the product front, Apple plans 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’s year-to-date price performance has seen a decline of about 7.00%, with an average trading volume of approximately 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: $3628.3B