Apple Inc. Stock Falls Tuesday, Underperforms Market
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Shares of Apple Inc. (AAPL) slid 1.52% to $171.56 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the NASDAQ Composite Index falling 1.26% to 12,560.25 and Dow Jones Industrial Average falling 0.69% to 33,055.51.
This was the stock's second consecutive day of losses.
Apple Inc. closed $4.83 below its 52-week high ($176.39), which the company achieved on May 19th.
Despite its losses, the stock outperformed some of its competitors Tuesday, as Microsoft Corp. (MSFT) fell 1.84% to $315.26, Alphabet Inc. Cl C (GOOGL) fell 2.05% to $123.29, and Alphabet Inc. Cl A (GOOGL) fell 1.99% to $122.56.
Trading volume (49.1 M) remained 9.1 million below its 50-day average volume of 58.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 23, 2023.
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May 23, 2023 16:32 ET (20:32 GMT)
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