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, News.Az reports, citingIt 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.
The decline has brought shares within a few dollars of the 200-day moving average, a technical level that can be seen as a long-term support and is one that many traders watch.
The level is “always a good reference point of trend,” said Todd Sohn, an ETF and technical strategist at Strategas Securities LLC. “When you get names starting to flirt with it or start to break below it, you kind of lose confidence that the uptrend of that name is still intact.”
It’s a precarious position for Apple shares. The company was, until recently, the largest company by market value in the world, and commanded the largest weighting in the S&P 500 Index. Nvidia has since eclipsed it during Apple’s tumble.
