What's Going On With Apple Inc. Stock?

Apple Inc. AAPL shares are moving Friday. The stock appears to be recovering from recent losses, and shares of AAPL remain down 8% over the last thirty days. Here's a look at what's going on.

What To Know:

Last week, the 9th District U.S. Circuit Court of Appeals rejected an appeal in the case brought by consumers accusing the company of sabotaging the performance of older iPhone models. The court’s decision cleared the way for Apple to compensate iPhone users as part of the case settlement. Approximately 3 million claims were submitted by iPhone users, and the total settlement is estimated to be between $310 million and $500 million.

On Friday, Wedbush analyst Daniel Ives reiterated Apple with an Outperform and maintained a $230 price target on AAPL.

AAPL stock continues to be a favorite among retail investors and is currently one of the top trending tickers on WallStreetBets and Yahoo! Finance

AAPL Price Action: According to Benzinga Pro, Apple Inc. shares are trading 0.32% higher at $174.32 at the time of publication.

Image: Pheladiii from Pixabay

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