Apple Inc. Stock Rises Thursday, Still Underperforms Market
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Shares of Apple Inc. (AAPL) inched 0.70% higher to $158.93 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 1.01% to 11,787.40 and the Dow Jones Industrial Average rising 0.23% to 32,105.25. Apple Inc. closed $20.68 short of 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 1.97% to $277.66, Alphabet Inc. Cl C (GOOGL) rose 1.96% to $106.26, and Alphabet Inc. Cl A (GOOGL) rose 2.16% to $105.60. Trading volume (67.2 M) remained 1.5 million below its 50-day average volume of 68.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 23, 2023.
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March 23, 2023 16:32 ET (20:32 GMT)
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