Apple’s Stock Stalls as Institutional Sell-Offs Weigh on Momentum
Apple’s stock has struggled to gain momentum despite strong financial results. Recent weeks have seen the share price stuck in a narrow trading range, with little sign of a breakout. Analysts now suggest that consolidation could continue for some time.
Analysts at UBS have weighed in on the situation. On November 21, 2021, Joshua Spector published a fresh assessment of Apple’s stock. Meanwhile, fellow UBS analyst David Vogt maintained a 'neutral' stance on the company’s shares.
The market’s focus has shifted away from Apple’s fundamentals. Instead, attention is now on large institutional sell-offs. One notable move came from Warren Buffett’s Berkshire Hathaway, which cut its Apple holdings by 15% in the third quarter. This amounted to roughly 42 million shares being sold.
Other major funds have also reduced their stakes in the tech giant. The trend has contributed to Apple’s stock remaining stagnant, even as the company reports robust earnings. Weekly charts now show early signs of negative divergence, indicating weakening momentum.
Supply issues for new iPhone models appear to be improving, though lead times stay higher than usual. Despite this progress, the stock has failed to push past key resistance levels. For investors seeking guidance, a free analysis published on November 21 offers insights into whether to buy or sell.
Apple’s share price remains trapped in a tight trading range, with no clear direction in sight. The combination of institutional sell-offs and technical weakness has overshadowed the company’s financial strength. Without a breakout, further consolidation appears likely in the near term.
