Apple Inc. Stock Rises Wednesday, Still Underperforms Market
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Shares of Apple Inc. (AAPL) inched 0.36% higher to $172.69 Wednesday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index rising 1.28% to 12,500.57 and the Dow Jones Industrial Average rising 1.24% to 33,420.77.
Apple Inc. closed $3.46 short of its 52-week high ($176.15), which the company achieved on August 17th.
The stock underperformed when compared to some of its competitors Wednesday, as Microsoft Corp. (MSFT) rose 0.95% to $314.00, Alphabet Inc. Cl C (GOOGL) rose 1.16% to $121.48, and Alphabet Inc. Cl A (GOOGL) rose 1.11% to $120.84.
Trading volume (57.8 M) remained 491,994 below its 50-day average volume of 58.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 17, 2023.
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May 17, 2023 16:32 ET (20:32 GMT)
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