Apple Inc. (AAPL) saw a big move last session, as the company’s shares fell by over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for AAPL, as the stock is now down nearly 16% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as the Mobile communication and media devices, personal computers, and portable digital music players maker has seen 5 negative revisions versus just 1 upward revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

AAPL currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the broader Technology sector is Amazon.com Inc. (AMZN), which currently carries a Zacks Rank #1 (Strong Buy).

Is AAPL going up? Or down? Predict to see what others think: Up or Down

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