Apple edged down 0.26% today to 332.89, then rose 0.17% after hours. It’s down 1.63% over the past 7 days, up 4.04% over the past 30 days, and up 29.02% over the past year. The trend is steady, with no major swings.
Looking at fund flows, 1.187 billion flowed in and 1.399 billion flowed out, for a net outflow of 213 million. Large and medium-sized orders both reduced their positions, but not by much. Its market cap is 4.85 trillion, and its P/E ratio is 38.25, so the valuation looks reasonable.
If it can hold at 330, it could keep grinding higher; if it breaks below that level, watch 320. Apple is the kind of stock you can hold without worrying too much. A pullback to around 320 could be a good opportunity to dollar-cost average. Don’t expect it to surge, but don’t worry about a sharp plunge either.
Looking at fund flows, 1.187 billion flowed in and 1.399 billion flowed out, for a net outflow of 213 million. Large and medium-sized orders both reduced their positions, but not by much. Its market cap is 4.85 trillion, and its P/E ratio is 38.25, so the valuation looks reasonable.
If it can hold at 330, it could keep grinding higher; if it breaks below that level, watch 320. Apple is the kind of stock you can hold without worrying too much. A pullback to around 320 could be a good opportunity to dollar-cost average. Don’t expect it to surge, but don’t worry about a sharp plunge either.
