Apple Inc. Stock Rises Thursday, Still Underperforms Market
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Shares of Apple Inc. (AAPL) rose 1.87% to $155.85 Thursday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index rising 2.48% to 11,717.28 and the Dow Jones Industrial Average rising 1.17% to 32,246.55. This was the stock's fourth consecutive day of gains. Apple Inc. closed $23.76 below its 52-week high ($179.61), which the company achieved on March 30th.
The stock underperformed when compared to some of its competitors Thursday, as Microsoft Corp. (MSFT) rose 4.05% to $276.20, Alphabet Inc. Cl C (GOOGL) rose 4.68% to $101.07, and Alphabet Inc. Cl A (GOOGL) rose 4.38% to $100.32. Trading volume (75.8 M) eclipsed its 50-day average volume of 69.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 16, 2023.
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March 16, 2023 16:32 ET (20:32 GMT)
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