Apple Inc. Stock Rises Friday, Still Underperforms Market
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Shares of Apple Inc. (AAPL) rallied 1.41% to $175.43 Friday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index rising 2.19% to 12,975.69 and the Dow Jones Industrial Average rising 1.00% to 33,093.34.
This was the stock's third consecutive day of gains.
Apple Inc. closed $0.96 below its 52-week high ($176.39), which the company achieved on May 19th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Microsoft Corp. (MSFT) rose 2.14% to $332.89, Alphabet Inc. Cl C (GOOGL) rose 0.87% to $125.43, and Alphabet Inc. Cl A (GOOGL) rose 0.92% to $124.61.
Trading volume (54.7 M) remained 1.9 million below its 50-day average volume of 56.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 26, 2023.
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May 26, 2023 16:32 ET (20:32 GMT)
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