Market Overview

Apple Follows Through On Friday's Decline

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Apple Inc. (NASDAQ: AAPL) shares are trading lower by $4.00 (2.4 percent) at $144.98 in Monday's session. It has added to its nearly $6.00 loss ($154.98 to $148.98) from Friday's session.

Apple's much lower opening print of $145.74 stands as the high for the session. It follows the decline that took the stock to $142.51 and is attempting to rebound. The current low falls in between its April 21 ($141.85) and April 24 low ($143.18).

Today's decline may be attributed to a Mizuho downgrade, which lowered the stock from Buy to Neutral with a reduced price target from $160 to $150.

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