Street Fades Goldman Sachs Positive Comments On Apple

Apple Inc. AAPL shares are trading lower by $0.76 at $96.637. The issue got a boost off the open when Goldman Sachs cited the recent weakness in the issue as a buying opportunity.

The firm maintained its Buy rating and $155 price target.

Following a higher open, it continued only another $0.14 to $98.65 before revering course. The ensuing decline has reached $96.17 and it is not far from that level.

If the decline continues, the next major support level in the issue does not come in until Friday's low of $95.36.