Nearly 96 million shares traded hands, according to NASDAQ, the largest one-day volume since 2015.
Source: YCharts. Click to enlarge. Note: NASDAQ, YCharts, Bloombarg and Yahoo Finance all show different volumes.
My take: As near as I can tell, the value of the shares traded Friday—more than $20 billion—was an all-time record. Who was buying as the stock was falling? I’ll give you two guesses.
I’m concerned that despite share volume (buyers) AAPL dropped. Sellers out numbered buyers
Hopefully Monday turns the tide favorable
Not sure those aren’t peaches in the photo, though.
BTW, Robert Paul Leitao wrote a very amusing witticism to me on Braeburn Group about who was behind this mystery spike in volume. Hopefully he will post it for the enjoyment of the folks here. It grew out of the confusion when Yahoo posted a volume of 40,511,722 shares trading (average volume was 26,921,673) and my Apple Stocks app agreed. Turns out the Apple app uses Yahoo data. Both have since been corrected.
Why?
Because they announced they would do exactly this, right after their unprecedented ginormous cash repatriation. It’s a serious financial plan that has been in place for some time.
It can’t be anything else.