Apple Inc. Stock Falls Friday, Still Outperforms Market
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Shares of Apple Inc. (AAPL) dropped 0.55% to $155.00 Friday, on what proved to be an all-around rough trading session for the stock market, with the NASDAQ Composite Index falling 0.74% to 11,630.51 and Dow Jones Industrial Average falling 1.19% to 31,861.98. The stock's fall snapped a four-day winning streak. Apple Inc. closed $24.61 short of its 52-week high ($179.61), which the company reached on March 30th.
The stock underperformed when compared to some of its competitors Friday, as Microsoft Corp. (MSFT) rose 1.17% to $279.43, Alphabet Inc. Cl C (GOOGL) rose 1.38% to $102.46, and Alphabet Inc. Cl A (GOOGL) rose 1.30% to $101.62. Trading volume (98.1 M) eclipsed its 50-day average volume of 68.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 17, 2023.
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March 17, 2023 16:32 ET (20:32 GMT)
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