Apple Inc (AAPL): Insiders Sell, Stock Weakens

Apple Inc (NASDAQ:AAPL)Apple Inc (NASDAQ:AAPL) saw its stock rise to an all-time high of $705 a share just days prior to the launch of the highly anticipated iPhone 5. Since then, however, there has been some insider sales – and interestingly, the stock has actually softened significantly since the all-time high as well, as the stock price fell 10 percent in just over a month. Were the insider sales just some simple profit-taking, or a sign of some weakness in the stock at Apple Inc (NASDAQ:AAPL)?

If you take a look at recent insiders sales – including a series of sales that were filed Tuesday – and look at the performance of Apple Inc (AAPL) compared to the benchmark, there may be some flags about the company. Could it be about the supply-chain issues that have been well-documented? And with a new set of sales Tuesday, is this is a sign of further softening just before the launch event for a new iPad Mini and a rumored new MacBook Pro?

S. Millard Drexler, CEO of J. Crew Group and a member of the Apple Inc. (NASDAQ:AAPL) board, sold 25,000 shares August 31 for a value of $16.6 million, which left him with just 584 shares. Since this transaction, AAPL stock is down about 3 percent, while the S&P 500 index has been up nearly 4 percent.

Later, Apple Inc (NASDAQ:AAPL) general counsel Bruce Sewell posted several transaction Sept. 24, jettisoning nearly 2,500 shares at about $688 per share for an estimated value of $1.7 million. Sewell still has more than 10,000 shares in his holdings. In the three weeks since those transactions, the stock has softened  by 6 percent while the S&P benchmark has been flat.

And most recently, Apple Inc (AAPL) senior vice president Jeff Williams posted five transactions Tuesday that nearly closed out his holdings.  The transactions totaled more than 2,500 shares for a value of $1.6 million (about $646 a share). After these deals, Williams has fewer than 300 shares remaining.

Three insider sales from three different insiders over the last six weeks while the AAPL stock has dropped? What do you think is happening with Apple Inc (NASDAQ:AAPL) stock, and the company as a whole? Is there cause for concern with the iPad Mini launch just days away?

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!