Apple Inc. Stock Falls Monday, Underperforms Market
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Shares of Apple Inc. (AAPL) sank 0.55% to $174.20 Monday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index rising 0.50% to 12,720.78 and the Dow Jones Industrial Average falling 0.42% to 33,286.58.
The stock's fall snapped a three-day winning streak.
Apple Inc. closed $2.19 below its 52-week high ($176.39), which the company reached on May 19th.
The stock underperformed when compared to some of its competitors Monday, as Microsoft Corp. (MSFT) rose 0.89% to $321.18, Alphabet Inc. Cl C (GOOGL) rose 2.13% to $125.87, and Alphabet Inc. Cl A (GOOGL) rose 1.87% to $125.05.
Trading volume (43.3 M) remained 15.4 million below its 50-day average volume of 58.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 22, 2023.
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May 22, 2023 16:33 ET (20:33 GMT)
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