Apple Inc. Stock Underperforms Friday When Compared To Competitors Despite Daily Gains
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Shares of Apple Inc. (AAPL) inched 0.83% higher to $160.25 Friday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 0.31% to 11,823.96 and the Dow Jones Industrial Average rising 0.41% to 32,237.53. This was the stock's second consecutive day of gains. Apple Inc. closed $19.36 short of its 52-week high ($179.61), which the company achieved on March 30th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Microsoft Corp. (MSFT) rose 1.05% to $280.57, Alphabet Inc. Cl C (GOOGL) fell 0.19% to $106.06, and Alphabet Inc. Cl A (GOOGL) fell 0.15% to $105.44. Trading volume (57.0 M) remained 11.8 million below its 50-day average volume of 68.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 24, 2023.
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March 24, 2023 16:32 ET (20:32 GMT)
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