$AAPL Institutional Buying Power Propels Apple Higher
Apple's recent performance has been a subject of interest for investors and traders. Despite the widespread expectation of a massive tech crash, Apple has been quietly showing strength in the market. The company's stock has been behaving well, particularly when it dips near the $310 zone.
Institutional money has been buying up shares at this level, with institutions owning over 60% of the company. This accumulation is not causing the price to crash, but rather pushing it upward slowly while trapping short sellers. The high-margin services revenue of Apple acts as a floor for the stock during market pullbacks.
Retail traders often try to short Apple due to its high P/E ratio of around 36. However, big players use this pessimism to trigger short squeezes every quarter. As long as the $308 invalidation level holds, any dip in the price is seen as a gift for investors.