Latest Insider Selling in April 2024: 5 Stocks to Watch

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1. Apple Inc (NASDAQ:AAPL)

Number of Hedge Fund Investors: 131

Apple Inc (NASDAQ:AAPL) CEO Tim Cook on April 1 sold 196,410 shares of Apple Inc (NASDAQ:AAPL) for a total dollar value of $33,258,614. Cook still owns about 3.3 million shares of Apple Inc (NASDAQ:AAPL), which has seen its shares decline by 8% so far this year amid concerns around iPhone sales and lack of other catalysts. Since April 1, Apple Inc (NASDAQ:AAPL) stock has slid about 0.26%.

Orbis Global Equity Strategy stated the following regarding Apple Inc. (NASDAQ:AAPL) in its fourth quarter 2023 investor letter:

“Never before has following the crowd made so much money. Nor, in our estimation, so little sense. But just look at the opportunities the crowd has left for those of us willing to take a different view. We could wax lyrical about the glaring difference in value between Korean banks priced at 4 times earnings, versus Apple Inc. (NASDAQ:AAPL) at 28 times, despite diverging fundamentals—Apple is increasingly at risk of bans in China, while Korean banks could double their dividends.”

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also look at the Ken Griffin Stock Portfolio: Top 10 Stock Picks and the Insiders Are Buying These 11 Penny Stocks.

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