Apple stock on a 2 month slide
Looks like Apple stock is struggling lately at $526.59/share
. What is wrong?
Apple Inc, the largest U.S. stock by market value, was headed toward its eighth straight week of declines on Friday
Since hitting a record high of $705.07 a share in September, Apple has lost about a quarter of its value. The stock's descent has vastly outpaced those of the S&P 500, which is down just under 7 percent in the same time frame.
Apple's stock has been below both its 14-day and 50-day moving average for over a month, suggesting both the short- and mid-term momentum is negative.
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said by FFH5:
Looks like Apple stock is struggling lately at $526.59/share. What is wrong?
Because people are realizing that Apple is no longer innovating and now copying. Looks like their bubble finally burst.
The fact is nothing new. The realization is the problem. Seems like the Apple marketing machine could use some grease.