Weekly Recap | Apple -0.66%, consensus target below spot
Weekly Review·
- Apple shares fell 0.66 % to close at USD 342.37 this week, outperforming the S & P 500 index by approximately 2.02 percentage points.
- The company returned to the US dollar bond market to raise about USD 7 billion for share buybacks, while releasing the M6 chip and its first touch-enabled MacBook Pro.
- Forty-five institutions gave a consensus buy rating with a target price of USD 332.68, which is lower than the current stock price.