3 Stocks Institutional Investors Can’t Get Enough of
Investing.com | May 25, 2023 06:12AM ET
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Warren Buffett increased his stake in Apple
- Likewise, institutional investors increased exposure to Microsoft
- Meanwhile, Lantheus Holdings has flown under the radar
Institutional investors' portfolios often serve as the benchmark for determining which stocks are worthy additions to individual portfolios. Valuable insights can be gleaned from the periodically published Warren Buffett , chairman, and CEO of Berkshire Hathaway (NYSE:BRKa), has raised his stake in Apple, as per the recent 13F report.
The report, released earlier this month, reveals that Buffett now holds 915,560,382 shares of the American tech giant, marking an increase of 20,424,207 shares.
Source: InvestingPro
After breaking out of all-time highs, the stock has formed a double peak below the $101 level. This indicates that a correction is likely before another uptrend ensues.
Key support levels to monitor for a possible recovery are at $92 and $84. If the stock breaks above the current consolidation phase, it could pave the way for another rally, targeting the $110 range.
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