Apple Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Apple Inc. (AAPL) slid 0.91% to $157.83 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index falling 1.60% to 11,669.96 and Dow Jones Industrial Average falling 1.63% to 32,030.11. The stock's fall snapped a two-day winning streak. Apple Inc. closed $21.78 short of its 52-week high ($179.61), which the company reached on March 30th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Microsoft Corp. (MSFT) fell 0.54% to $272.29, Alphabet Inc. Cl C (GOOGL) fell 1.53% to $104.22, and Alphabet Inc. Cl A (GOOGL) fell 1.48% to $103.37. Trading volume (69.1 M) eclipsed its 50-day average volume of 68.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 22, 2023.
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March 22, 2023 16:32 ET (20:32 GMT)
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