Apple Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Apple Inc. (AAPL) slipped 1.19% to $174.21 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index rising 0.29% to 13,813.59 and the Dow Jones Industrial Average falling 0.20% to 34,575.53.
This was the stock's second consecutive day of losses.
Apple Inc. closed $24.02 below its 52-week high ($198.23), which the company achieved on July 19th.
The stock underperformed when compared to some of its competitors Wednesday, as Microsoft Corp. (MSFT) rose 1.29% to $336.06, Alphabet Inc. Cl C (GOOGL) rose 1.05% to $137.50, and Alphabet Inc. Cl A (GOOGL) rose 1.01% to $136.71.
Trading volume (82.9 M) eclipsed its 50-day average volume of 56.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 13, 2023.
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September 13, 2023 16:33 ET (20:33 GMT)
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