Is the Recent Sell-Off by Congress a Sign of Trouble for Apple?

Over the past three months, congress has sold over $48K dollars worth of Apple AAPL stock. A total of 6 transactions have taken place by 5 different congressional members with Daniel Goldman, Scott Franklin, and Thomas R. Carper selling the most, totaling over $45K worth of AAPL stock.

Congressional Transactions for AAPL Over Past 3 Months

Member Name Chamber Symbol Company Transaction Date Transaction Type Amount
Thomas R. Carper AAPL Apple Senate 2023-03-07 S (Partial) 15,001
John Curtis AAPL Apple House 2023-02-23 S (Partial) 1,001
Scott Franklin AAPL Apple House 2023-02-15 S (Partial) 15,001
Daniel Goldman AAPL Apple House 2023-01-31 S 15,001
Josh Gottheimer AAPL Apple House 2023-01-27 S (Partial) 1,001
Josh Gottheimer AAPL Apple House 2023-01-20 S (Partial) 1,001

Given the recent sell-side activity from congressional members, it leads one to question Apple's future. First let's look at how Apple has been performing recently.

price history graph

As you can see, despite the recent sell-off by members of Congress, Apple has performed well over the past three months, achieving a 23.06% return.

Recap

Over the past three months, 5 congressional members have sold over $48K dollars worth of Apple stock, while the stock has gained 23.06% over the same timeframe.

The recent sell-side activity by congress could be a result of members capitalizing on gains if they believe the current trend will not continue. On the other hand, congressional members can sell stock for a variety of reasons, including personal financial needs or diversification of their investment portfolios, so it's important to keep a balanced perspective and look at the company's performance holistically.

As always, investors should conduct their due diligence and consider other factors, such as a company's financials, analyst ratings, and broader market trends, before making any investment decisions.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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