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After Months Of Net Selling, Retail Investors Jumped Back Into Apple In May

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After Months Of Net Selling, Retail Investors Jumped Back Into Apple In May
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TD Ameritrade’s latest Investor Movement Index (IMX) is out, and it suggests investors were bullish in May.

This is how it works: when the IMX score surges, it means investors' recent past activity has leaned toward a bullish stance; then, when the score declines, investors' recent past activity has tended towards bearishness.

TD Ameritrade’s Managing Director of Trading, Nicole Sherrod, shared a look into what the firm’s clients did in May. Interestingly, Apple Inc. (NASDAQ: AAPL) went back into green territory after several months in red.

Related Link: TD Ameritrade's IMX Growth Hits Record High In May: Check Out Clients' Picks & Pans

Apple had been a net sell among TD Ameritrade’s clients for several months this year. The stock escalated during February, March and early April, however, late April and early May witnessed a large tumble. The tumble resulted after the company reported unfavorable earnings and declining iPhone sales – for the first time since the flagship product was launched. The weakness made Apple a net buy among clients in May, Sherrod said in a video.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.

Latest Ratings for AAPL

DateFirmActionFromTo
Oct 2016Goldman SachsMaintainsBuy
Oct 2016Credit SuisseMaintainsOutperform
Oct 2016PiperJaffrayMaintainsOverweight

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Posted-In: IMX Nicole Sherrod TD AmeritradeAnalyst Color Analyst Ratings Tech

 

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