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 FFH:Because people are realizing that Apple is no longer innovating and now copying. Looks like their bubble finally burst.
Looks like Apple stock is struggling lately at $526.59/share. What is wrong?
The fact is nothing new. The realization is the problem. Seems like the Apple marketing machine could use some grease.