Want to join the conversation?
$CMG Form 4: On July 15, 2015, Montgomery Moran Co-CEO exercised 5,000 stock options and acquired the same for $371.63. On the same day, he disposed of 2,803 shares for tax obligation at $663.05 and sold 2,197 shares for weighted average price $662.52. Post transaction, he now owns 154,755 shares.
Apple ($AAPL) reported decline in sales and profits from comparable quarter last year, attributing the decline to announcement of iPhone 7/7s. Sales and profit are being guided higher for next quarter. Apple is a solid company and will continue to dominate tech and consumer electronics segment for a while. Personally, looks like there is little downside in this investment.
Waiting with fingers crossed for $AAPL’s fourth quarter earnings.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."