Chowdhry: Strange Pump & Dump With Apple's Management

Global Equities Research’s Trip Chowdhry mentioned that senior VP of retail and online stores at Apple Inc. AAPL had dumped her shares in the company, while CEO Tim Cook was increasing his stake.

On May 2, Angela Ahrendts sold off 75,000 Apple shares at a price of $93.74. Previously, Ms. Ahrendts had sold around 92,000 Apple shares, with the price ranging between $129.62 and $132.86.

“A strange coordination of Tim Cook Pumping the stock on CNBC Mad Money and Angela Ahrendts Dumping the stock on the same day,” analyst Trip Chowdhry wrote.