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Rheos Capital Works Inc. Sells 26,000 Shares of Apple Inc. $AAPL
Rheos Capital Works Inc. reduced its stake in Apple by 16.2% in the fourth quarter, selling 26,000 shares but still holding 134,500 shares valued at $36.57 million, making it their 15th largest holding. Concurrently, Apple insiders like CEO Timothy D. Cook and SVP Deirdre O’Brien also sold substantial shares under pre-arranged plans. Despite these sales, Wall Street maintains a “Moderate Buy” rating for Apple, with the upcoming April 30 earnings report expected to be a significant catalyst for the stock.