Apple Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Apple Inc. (AAPL) slipped 5.64% to $140.82 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index falling 4.73% to 11,418.15 and Dow Jones Industrial Average falling 3.57% to 31,490.07. Apple Inc. closed $42.12 below its 52-week high ($182.94), which the company reached on January 4th.
The stock underperformed when compared to some of its competitors Wednesday, as Microsoft Corp. (MSFT) fell 4.55% to $254.08, Alphabet Inc. Cl A (GOOGL) fell 3.93% to $2,237.99, and International Business Machines Corp. (IBM) fell 3.92% to $132.94. Trading volume (108.7 M) eclipsed its 50-day average volume of 97.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 18, 2022.
(END) Dow Jones Newswires
May 18, 2022 16:32 ET (20:32 GMT)
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