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Apple's new CEO sold $8.5M in stock days after taking charge under a preset trading plan.

Market News
07 Oct 2026
24/7 Wall Street
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Neutral
Apple's new CEO sold $8.5M in stock days after taking charge under a preset trading plan.

Apple's new CEO, John Ternus, sold 25,412 shares worth about $8.46 million shortly after assuming the role on September 1, 2026. The sale was part of a pre-established trading plan triggered by the vesting of restricted stock units, not a spontaneous decision. Other top executives, including former CEO Tim Cook, also sold shares following the same vesting event. Despite these insider sales, Apple's strong financial performance, including a 16.4% revenue increase and 27.1% net income growth, supports a positive long-term outlook for the company.

As of Oct 07, 2026 20:31 WIB, Apple Inc. (AAPL) shares trade at USD 336.33 on Pluang, showing a 1-day gain of 0.81%. The stock’s market cap stands at $4.87 trillion, reflecting its significant scale in the technology sector. Pluang users currently favor buying, with 61% of order activity directed to purchases, highlighting ongoing investor interest.

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