Apple Tests Key Technical Level in Worst Start Since 2008
- Shares of the iPhone maker are near its 200-day moving average
- Crossing below level could signal further downside for shares
This article is for subscribers only.
Apple Inc.’s stock has had a rough start to the year and is now flirting with a key level that could signal more downside ahead if breached.
The stock has slumped 11% in 2025 through Friday’s close, making it by far the worst performer in the Magnificent Seven group. It has also significantly underperformed the S&P 500, which has gained about 3.7% this year and touched a fresh record high earlier this week. Apple’s performance is the worst start of the year for the iPhone maker since 2008, according to data compiled by Bloomberg.