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The rebound in Apple Inc.'s (NASDAQ:AAPL) stock is losing steam.
On April 29, the company reported earnings. Even though the quarter was better than expected, a sell-off followed after shares hit resistance at $137. By May 12, shares fell to $123.
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Then Apple's stock staged a small rebound and reached $127, but the rebound seems to be ending. Shares were down Monday, and they're still in a monthly downtrend.
Apple's stock trades around $126.59 per share at the time of publication.
See Also: Cathie Wood Cuts Apple Stake Almost Entirely — And Buys More Coinbase
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.