How Apple propped up its stock price last quarter

Photo of Steven M. Peters
By Steven M. Peters Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

The company bought and retired 92.5 million of its own shares in fiscal Q4 2018.

 

That’s more than these 34 funds sold in the same 90-day period.

Click to enlarge. Source: SEC Form 13fs via Whale Wisdom.

All told, 1,526 funds sold 130 million shares last quarter, of which Apple bought 70%.

My take: Talk about making your presence known! Where would Apple be if it weren’t for $19.4 billion in buybacks?

Below: From Apple’s 10-K, via friend-of-blog Daniel Tello.

[apple-subscribe]

Photo of Steven M. Peters
About the Author Steven M. Peters →

Our $500K AI Portfolio

See us invest in our favorite AI stock ideas for free

Our Investment Portfolio

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618