Profit Investment Management Has Lowered Apple (AAPL) Stake By $312,884; MARINA BIOTECH (MRNA) Shorts Up By 19.48%

November 15, 2017 - By Ellis Scott

Profit Investment Management Llc decreased Apple Inc (AAPL) stake by 12.97% reported in 2017Q2 SEC filing. Profit Investment Management Llc sold 2,188 shares as Apple Inc (AAPL)’s stock rose 12.78%. The Profit Investment Management Llc holds 14,688 shares with $2.12M value, down from 16,876 last quarter. Apple Inc now has $871.22B valuation. The stock declined 0.97% or $1.65 reaching $169.68 per share. About 8.25M shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since November 15, 2016 and is uptrending. It has outperformed by 45.78% the S&P500.

MARINA BIOTECH INCORPORATED (OTCMKTS:MRNA) had an increase of 19.48% in short interest. MRNA’s SI was 50,300 shares in November as released by FINRA. Its up 19.48% from 42,100 shares previously. With 9,100 avg volume, 6 days are for MARINA BIOTECH INCORPORATED (OTCMKTS:MRNA)’s short sellers to cover MRNA’s short positions. It is 0.00% or $0 reaching $1.77 per share. It is down 0.00% since November 15, 2016 and is . It has underperformed by 16.70% the S&P500.

Marina Biotech, Inc. is a biotechnology firm focused on the discovery, development and commercialization of nucleic acid therapies to treat orphan diseases. The company has market cap of $17.40 million. The Company’s pipeline includes CEQ508, a product in clinical development for the treatment of Familial Adenomatous Polyposis , and preclinical programs for the treatment of type 1 myotonic dystrophy (DM1) and Duchenne muscular dystrophy (DMD). It currently has negative earnings. It creates a range of therapeutics targeting coding and non-coding ribonucleic acid (RNA) through several mechanisms of action, such as RNA interference (RNAi), messenger RNA translational inhibition, exon skipping, microRNA (miRNA) replacement, miRNA inhibition and steric blocking in order to modulate gene expression either up or down depending on the specific mechanism of action.

Investors sentiment increased to 0.68 in 2017 Q2. Its up 0.04, from 0.64 in 2017Q1. It increased, as 62 investors sold AAPL shares while 1068 reduced holdings. 129 funds opened positions while 634 raised stakes. 3.06 billion shares or 2.38% less from 3.13 billion shares in 2017Q1 were reported. Johnson Fincl Grp Inc Inc reported 91,456 shares. Korea Inv Corporation invested 2.9% of its portfolio in Apple Inc. (NASDAQ:AAPL). Westwood Holdings reported 316,256 shares or 0.37% of all its holdings. First Citizens Savings Bank holds 106,020 shares. Inv Centers Of America holds 1.96% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 180,180 shares. Wallington Asset Mngmt Ltd Liability Company accumulated 43,311 shares or 1.73% of the stock. Churchill Mgmt invested 0.15% in Apple Inc. (NASDAQ:AAPL). J Goldman & Com Ltd Partnership has invested 0.12% in Apple Inc. (NASDAQ:AAPL). Fagan Assocs holds 5.25% or 70,032 shares in its portfolio. 36,782 were accumulated by Zevin Asset Mngmt Ltd. Swarthmore owns 60,450 shares for 2.01% of their portfolio. Moreover, Mayo Inv Advisers Ltd Limited Liability Company has 4.17% invested in Apple Inc. (NASDAQ:AAPL). Ionic Cap Llc accumulated 0.31% or 40,728 shares. 73,632 are owned by Valicenti Advisory Serv. Chickasaw Capital Mngmt Limited Liability Corp reported 119,241 shares.

Since May 16, 2017, it had 0 insider purchases, and 6 insider sales for $22.49 million activity. Riccio Daniel J. had sold 11,949 shares worth $1.86 million. FEDERIGHI CRAIG sold 64,500 shares worth $9.91 million. Another trade for 45,000 shares valued at $6.92M was made by Cue Eduardo H on Monday, May 22. On Thursday, May 25 Srouji Johny sold $1.54M worth of Apple Inc. (NASDAQ:AAPL) or 10,019 shares. On Friday, June 2 Maestri Luca sold $735,898 worth of Apple Inc. (NASDAQ:AAPL) or 4,757 shares.

Among 49 analysts covering Apple Inc. (NASDAQ:AAPL), 40 have Buy rating, 1 Sell and 8 Hold. Therefore 82% are positive. Apple Inc. had 329 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, August 7 by FBR Capital. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, September 22 report. Goldman Sachs maintained the shares of AAPL in report on Wednesday, October 26 with “Buy” rating. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by BTIG Research on Wednesday, July 27. Deutsche Bank maintained it with “Hold” rating and $105.0 target in Monday, January 11 report. The rating was maintained by Morgan Stanley on Friday, September 11 with “Buy”. The firm earned “Hold” rating on Thursday, September 7 by KeyBanc Capital Markets. The stock has “Long-Term Buy” rating by Hilliard Lyons on Thursday, October 27. The firm has “Buy” rating by Wells Fargo given on Friday, September 4. Nomura maintained it with “Buy” rating and $165 target in Friday, March 24 report.

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