Shares of Apple, on a long weekly losing streak, remained on track to suffer a sixth-straight weekly loss, ahead of the world’s most valuable company’s Worldwide Developers Conference (WWDC) next week.
That would be the longest such loss streak since the eight-week stretch through the week ended Nov. 23, 2018. The stock needs to gain 0.9% Friday, to at least $124.61, to snap the weekly loss streak.
The stock has lost 8.0% during the current streak through Thursday, and has lost 13.7% since the Jan. 26 record close of $143.16. In comparison, the Dow Jones Industrial Average has run up 11.8% since Jan. 26.
MacDailyNews Take: This too shall pass.