logo
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

Executives Sell Off Apple as Investors (and a Billionaire) Buy In

  +Follow August 19, 2013 10:40AM
Share:
Tickers Mentioned:

Apple, Inc. (AAPL) has come a long way since hitting a 52-weeek low of $388.87 a share on June 29 amid a massive sell-off. The stock has surged over the last month, and from Aug. 12 to Aug. 17 gained over 10 percent. Apple has been propelled both by impressive iPhone sales in the second quarter of 2013 and influential investor Carl Icahn sinking a reported $1.5 billion into the company, calling the tech giant “extremely undervalued.”

Yet at the same time Icahn is doubling down on the company, major executives at Apple are cashing out. According to a filing with the Securities and Exchange Commission, between Aug. 16 and Aug. 18, Senior Vice Presidents Dan Riccio and Phil Scheller respectively sold $1.9 million and $18.6 million worth of shares of the company.

They're not the only ones either. On July 29, Apple directors Bill Campbell and Millard Drexler cashed out for a combined $13.8 million, and on June 24, Senior Vice Presidents Bruce Sewell and Jeff Williams cashed out for around $15 million apiece.

It should be noted though, that these executives made clear their intentions to sell months prior, while Apple’s stock was lagging. The SEC requires higher-up execs to notify of intention to sell far in advance in order to preclude the possibility of insider trading. Also, the combined value of these stock sales is dwarfed by Icahn’s recent investment. Since he first tweeted his buy-in on Aug. 13, Icahn's investment has gained an estimated $150 million in value. 

While Icahn’s stake in the company is sizable, it still equals less than a percent of the company’s present value. Apple is flying so high they have comfortably regained their position as the most valuable company in the world. The company is now worth $466.33 billion, more than $70 billion ahead of the number two company ExxonMobil Corporation (XOM) . Apple surpassed Exxon on Aug. 1.

Though Apple is still down 18.58 percent on the year, they’re up 1.93 percent on the day to hit $511.99 a share.   

Results for aapl
Stuart McMullin
20 Apr 14 18:42:43
RT @StockTwits: More than 100 companies report earnings next week including $AAPL, $FB, $CAT, and $MSFT --> http://t.co/kK6saJMC5d
Brian Medford
20 Apr 14 18:35:49
NEONODE IN PLAY $NEON - $MSFT $AAPL $ VOLVY $HPQ http://t.co/ke1jHzwQOf
Rob Duncan
20 Apr 14 18:35:23
RT @StockTwits: More than 100 companies report earnings next week including $AAPL, $FB, $CAT, and $MSFT --> http://t.co/kK6saJMC5d
jatinam
20 Apr 14 18:33:26
RT @StockTwits: More than 100 companies report earnings next week including $AAPL, $FB, $CAT, and $MSFT --> http://t.co/kK6saJMC5d
Edward Whang
20 Apr 14 18:28:35
.@google #Google #yahoo @Yahoo @AppStore #Apple $AAPL @generalelectric ~ @WSJ @Variety @HuffingtonPost @CNN ~~ #apps http://t.co/Nqvkg8v9i1
GavinGreenberg
20 Apr 14 18:28:04
$AAPL: [$$] Apple, Google Vie to Offer Exclusive Game Apps http://t.co/UmmhZTcdl5
Jeraldine Ison
20 Apr 14 18:26:59
This weeks Stocks you should Watch $MSI $MSCI $PLCM $AAPL Visit http://t.co/cjBFum5God
Alfredo Gilham
20 Apr 14 18:26:02
$AAPL Insider Trading Cases and Automakers’ Earnings http://t.co/vv1zXIVkgM
Adam Timm
20 Apr 14 18:24:39
If distribution continues and picks up this week. I will be looking to sell $aapl short on a high volume break.
Zackery Jaxon
20 Apr 14 18:23:55
Stocks to Watch this week $XYL $ADT $HSIC $AAPL #overvalued http://t.co/tv22i91s8I
GavinGreenberg
20 Apr 14 18:23:17
$AAPL: Insider Trading Cases and Automakers’ Earnings http://t.co/jgHPnpVk2d
GavinGreenberg
20 Apr 14 18:23:16
$AAPL: [$$] Apple, Google Vie for Exclusive Game Apps http://t.co/r5Rbiq2xoy
Ford Cadwell
20 Apr 14 18:23:15
Looking for the next winners like $NEU $KAR $A $AAPL View now http://t.co/8SMi1eBd8h
Jeff Hawks
20 Apr 14 18:22:41
$AAPL should raise their dividend soon. I predict $AAPL will raise their dividend 15% to $3.50/share/quarter or $14/share/year! Giddy-Up!
Brian Shannon
20 Apr 14 18:21:59
RT @StockTwits: More than 100 companies report earnings next week including $AAPL, $FB, $CAT, and $MSFT --> http://t.co/kK6saJMC5d
chartguy89
20 Apr 14 18:19:54
AAPL 524.94 Stock Charts $AAPL Apple Inc. (NASDAQ) AAPL Stock Chart - 1 Month http://t.co/opaWdEV09n http://t.co/jpnKJ14dcA
Stock Forums
20 Apr 14 18:17:56
$AAPL News Click Here: http://t.co/SMnpeWNcRP Also See: $AXLX $ENRT $CMLP $AUY ~
stocknews247
20 Apr 14 18:17:34
$AAPL - Insider Trading Cases and Automakers’ Earnings -> http://t.co/xj2NJSPvla #stock #stocks #stockaction
stocknews247
20 Apr 14 18:17:19
$AAPL - [$$] Apple, Google Vie to Offer Exclusive Game Apps -> http://t.co/keKy52KL18 #stock #stocks #stockaction
GavinGreenberg
20 Apr 14 18:17:06
$AAPL: Live blog: Apple-Samsung testimony continues, 9 a.m. Monday http://t.co/ayFYLxRPtX
Constantine Greyson
20 Apr 14 18:16:31
$CBL Get research on $AAN $POM $AAPL #newsletter http://t.co/O7viyn95El
Daniel A. Valle
20 Apr 14 18:09:09
RT @IBDinvestors: The New America: Hip Chips Put Skyworks In Cars, Phones And Fitbits http://t.co/r94FYA7HmD $SWKS $AAPL http://t.co/ZwJ09x…
CoachB
20 Apr 14 18:08:50
RT @rblotnicky: A Sneak Peek At Apple's Earnings http://t.co/y0IvzNJ6jX $AAPL
Andon J
20 Apr 14 18:08:10
RT @TheStreet: #Apple analysts are indecisive, but that's good news for you! How to profit off their confusion: http://t.co/FJ4XkSEkzl $AAPL
Franco Gall
20 Apr 14 18:07:43
$MD #Stocks you might want to buy $AGO $SRE $AAPL #Stock http://t.co/YdcvHbAbhU
Thor Edeson
20 Apr 14 18:07:41
$PDM Buying or selling? $CLI $AN $AAPL Give it a try http://t.co/auNA7L6mvb
DeAnna Middlebrooks
20 Apr 14 18:06:59
RT @PennyStockSavvy: ALERT: This weeks pick is $VTPI we are expecting 1,000%+ gains tomorrow morning! | $AAPL $GOOG $TWTR $NKE $GILD $MSFT …
Market Research
20 Apr 14 18:06:46
Insider Trading alerts on $CPT $FLO $BRCM $AAPL #wallstreet http://t.co/L4IkGgES90
GavinGreenberg
20 Apr 14 18:06:05
$AAPL: Apple Inc. Earnings: What to Watch For This Week http://t.co/XgcwMlKimM
Cousin_Vinny
20 Apr 14 18:04:50
RT @IBDinvestors: The New America: Hip Chips Put Skyworks In Cars, Phones And Fitbits http://t.co/r94FYA7HmD $SWKS $AAPL http://t.co/ZwJ09x…
Jaron Baker
20 Apr 14 18:04:37
Top Performing #Stocks today $ROK $AAPL $DTV $BWP Must have http://t.co/fizzHmQtR2
The Good Trader
20 Apr 14 17:57:39
$AAPL Apple co-founder Wozniak shares formula for happiness http://t.co/Y9oSKSQ4Sg
The Good Trader
20 Apr 14 17:57:39
$AAPL 8 GB iPhone 5c Rolls Out to More Countries, 'Flop' iPhone 5c Outsold Others in Q4 http://t.co/IvYwPMFCOl
Master Muppet
20 Apr 14 17:56:11
A Sneak Peek At Apple's Earnings http://t.co/y0IvzNJ6jX $AAPL
Matt K
20 Apr 14 17:54:49
RT @Aapl_pain: Finally a decent option chain pattern for $AAPL http://t.co/Bh5EnbqJ6a
Yahaira Landry
20 Apr 14 17:54:15
Should you hold or add to $NLY $LLY $SLGN $AAPL #newsletter http://t.co/A5JHDGcGqv
Colin Macleod
20 Apr 14 17:52:46
Companies Earnings Releases After the Market Close April 23 2014 $FB $AAPL & $ZNGA http://t.co/tdljXyusDB
Michael Hurt
20 Apr 14 17:52:16
RT @IBDinvestors: The New America: Hip Chips Put Skyworks In Cars, Phones And Fitbits http://t.co/r94FYA7HmD $SWKS $AAPL http://t.co/ZwJ09x…
Alfredo Gilham
20 Apr 14 17:47:04
$AAPL Live blog: Apple-Samsung testimony continues, 9 a.m. Monday http://t.co/3RrFFz8fmi
Stock Herald
20 Apr 14 17:45:05
$AAPL: [$$] Apple, Google Vie for Exclusive Game Apps http://t.co/9DOaTrsal4
Eric Price
20 Apr 14 17:42:18
RT @SwingTradeAlert: IBD:The New America: Hip Chips Put Skyworks In Cars, Phones And Fitbits http://t.co/h8kuAYRUGP $SWKS $AAPL http://t.co…
Travis Lewis
20 Apr 14 17:42:12
Finally a decent option chain pattern for $AAPL http://t.co/Bh5EnbqJ6a
Tejinder Singh
20 Apr 14 17:41:39
Interesting "@StockTwits: More than 100 companies report earnings next week including $AAPL, $FB, $CAT & $MSFT --> http://t.co/H0ojt916KQ"
Joshua
20 Apr 14 17:41:16
RT @StockTwits: More than 100 companies report earnings next week including $AAPL, $FB, $CAT, and $MSFT --> http://t.co/kK6saJMC5d
Evan Medeiros
20 Apr 14 17:40:41
NEW POST: why i gave up predictions and bowed to the markets http://t.co/4bvxxmao2e $SPY $AAPL $STUDY #trading
Edward Gofsky
20 Apr 14 17:40:36
Big Week!“@StockTwits: More than 100 companies report earnings next week including $AAPL, $FB, $CAT, and $MSFT --> http://t.co/XeGOMQox0G”
Jeff
20 Apr 14 17:40:13
RT @StockTwits: More than 100 companies report earnings next week including $AAPL, $FB, $CAT, and $MSFT --> http://t.co/kK6saJMC5d
Dinero y Negocios
20 Apr 14 17:40:07
$NFLX $FB $AAPL $MCD $MSFT $V $CAT $MMM $LVS $F $BZ $SBUX - Stocks that report earnings this week on Wall Street http://t.co/Bexnk4w7LT
Dragon
20 Apr 14 17:39:36
"@StockTwits: More than 100 companies report earnings next week including $AAPL, $FB, $CAT, and $MSFT --> http://t.co/Y4Zu5pQsc5"
Bryon Franzen
20 Apr 14 17:38:51
RT @StockTwits: More than 100 companies report earnings next week including $AAPL, $FB, $CAT, and $MSFT --> http://t.co/kK6saJMC5d
				
				
  +Follow August 19, 2013 10:40AM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.