Market Overview

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

After Months Of Net Selling, Retail Investors Jumped Back Into Apple In May
Related AAPL
Foxconn's U.S. Labor Payroll Could Cost 3 Times As Much As Chinese Equivalent
Mid-Afternoon Market Update: Crude Oil Down Over 1%; Brookfield Canada Office Properties Shares Spike Higher
FANG+: Facebook, Amazon Form Handles As Alphabet Hits High (Investor's Business Daily)

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

Jan 2017OTR GlobalDowngradesNegative
Jan 2017GuggenheimInitiates Coverage OnBuy
Dec 2016PiperJaffrayAssumesOverweightOverweight

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

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


Related Articles (AAPL)

View Comments and Join the Discussion!