Apple Inc. Stock Rises Thursday, Still Underperforms Market
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Shares of Apple Inc. (AAPL) rallied 1.37% to $175.05 Thursday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index rising 1.51% to 12,688.84 and the Dow Jones Industrial Average rising 0.34% to 33,535.91.
This was the stock's second consecutive day of gains.
Apple Inc. closed $1.10 below its 52-week high ($176.15), which the company achieved on August 17th.
The stock underperformed when compared to some of its competitors Thursday, as Microsoft Corp. (MSFT) rose 1.44% to $318.52, Alphabet Inc. Cl C (GOOGL) rose 1.68% to $123.52, and Alphabet Inc. Cl A (GOOGL) rose 1.65% to $122.83.
Trading volume (65.0 M) eclipsed its 50-day average volume of 58.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 18, 2023.
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May 18, 2023 16:32 ET (20:32 GMT)
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