Apple Stock Takes Hit as Bearish Signals Mount

The Apple stock price took a hit on Monday, August 3rd, falling by 1.78% from $308.91 to $303.42.

This decline marks the fourth consecutive day of losses for the stock, with the price dropping in six out of the last ten days and down 7.09% over this period.

Despite the negative trend, analysts at Cowen & Co. remain bullish on Apple, assigning it a 'Buy' rating with a 'hold' action on July 31st.

The stock's technical signals are bearish, however, with sell signals from both short and long-term moving averages indicating a more negative forecast.