Apple SVP Unloads $806K Worth of AAPL Stock Amid Overvaluation Concerns
Apple SVP Jennifer Newstead has sold $806,495 worth of Apple common stock. The sale was made on September 29, 2026, when she sold 2,399 shares at a price of $336.18 each. This brings her total shares held directly to 41,992.
The sale follows a Rule 10b5-1 trading plan that Newstead adopted in May this year. InvestingPro analysis suggests that Apple's stock is overvalued relative to its Fair Value, with the company maintaining a market capitalization of $4.86 trillion and trading at a P/E ratio of 37.78.
Recent news on Apple has seen Morgan Stanley maintain an Overweight rating and a price target of $360 for the iPhone 18, but lower it slightly to $355 citing limited upside potential. Needham has reiterated a Hold rating on Apple, highlighting competitive risks from Meta Platforms and other AI-focused companies.