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Apple Stock end of 2024
The first stock price we will examine is the tech giant Apple.
| Apple Stock end of 2024 |  |  |  |
| Over $240.5 | -120 | -120 | -120 |
| Under $240.50 | -120 | -120 | -120 |
Oddsmakers have set the over/under on Apple stock at $240.50, with the over and under being priced at -120.
Since there isn’t an advantage based on the price, let’s examine how the stock has been performing lately.
Apple stock is up 2% in the last week and has increased about 10% overall in the last month. It has also increased 22% in the past six months; however, it has not reached the $240 mark.
Apple stock was -11% YTD less than 2 months ago $AAPL
It’s rebounded +39% since then and is now +23% YTD (largely due to the announcement that they’d be embracing AI in their software).
The artificial intelligence boom is real. pic.twitter.com/acskzXA5rB
— Mark Wlosinski (@LTI_finance) July 9, 2024
Although the stock has been steadily increasing, it doesn’t seem likely to reach and exceed the $240 mark.
I estimate that it will come very close to that number but will not exceed it by year’s end.
I would bet Under $240.50 at -120 odds on this one.
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Amazon Stock end of 2024
The following tech stock we will examine is going to be Amazon.
| Amazon Stock End of 2024 | | | |
| Over $220.5 | -120 | -120 | -120 |
| Under $220.5 | -120 | -120 | -120 |
This stock has been priced at $220.50 with identical odds on both the over and under at -120. Let’s examine the how Amazon has performed in the past.
Amazon has declined slightly in the past week, experiencing a downturn of about 1.5%. However, it is up 4% in the past month. With that being said, it is currently trading at $195.
🚨 Just In: Amazon Founder Jeff Bezos just sold another $863.5 Million worth of Amazon $AMZN stock.
The sales comes just days after Bezos disclosed that he had sold nearly $5.5 Billion worth of shares last week.
That brings his year-to-date total to $8.3 billion in sales.
What… pic.twitter.com/NswAuyR5ev
— Jesse Cohen (@JesseCohenInv) July 10, 2024
Amazon hasn’t reached the $220 mark in over a year. I don’t understand why oddsmakers are providing even odds on both sides.
This one seems very clear-cut under $220.50 at -120 odds.
I understand that stocks can fluctuate, but I don’t think it’s likely that Amazon will reach a point it hasn’t come close to in more than a year.
Tesla Stock end of 2024
Last but not least, we are going to look at Tesla stock.
| Tesla Stock End of 2024 | | | |
| Over $220.50 | -120 | -120 | -120 |
| Under $220.50 | -120 | -120 | -120 |
Tesla is a popular but divisive energy company led by Elon Musk. Oddsmakers have priced the stock at $220.50 over/under total.
Last month, the stock showed a whopping 40% increase and is currently trading at just over $240 a share. Tesla’s stock is known for its high volatility, often surging when expected to decline and vice versa.
Ross Gerber. “It’s hard not to be a bull long-term on Tesla.”
Wait what. Now that the stock is up big time he’s back? After voting no to Elon’s package?
— Yashu Sharma 🍊 (@heyitsyashu) July 9, 2024
Navigating this inherent unpredictability requires a strategic and cautious approach. Given the current uncertainties, it’s prudent to assess the current situation.
With the current information, it seems that Over $220.50 at -120 odds for Tesla is the best bet we can make.
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