Shares of Apple Inc. (AAPL) experienced a slight decline, slipping 0.28% to $188.08 on Tuesday. However, this dip in stock value came amidst a generally positive trading session for the stock market.
NASDAQ Composite Index and Dow Jones Industrial Average Surge
The NASDAQ Composite Index (COMP) rose by a healthy 0.55% to reach 13,760.70, while the Dow Jones Industrial Average (DJIA) saw an even more significant increase of 0.93%, closing at 34,261.42.
Apple Inc.’s Third Consecutive Day of Losses
Unfortunately, this marks the third consecutive day of losses for Apple Inc.’s stock.
Apple Inc. Comes Close to Its 52-Week High
Although Apple Inc. fell short of its impressive 52-week high ($194.48), achieved on June 30th, the company nearly reached this milestone, closing at $188.08, only $6.40 away.
Apple Inc. Underperforms Compared to Competitors
In comparison to some of its competitors, Apple Inc. underperformed on Tuesday. Microsoft Corp. (MSFT) saw a modest increase of 0.19% to reach $332.47, while both Alphabet Inc. Cl C (GOOG) and Alphabet Inc. Cl A (GOOGL) experienced more substantial gains, rising 0.72% to $117.71 and 0.59% to $117.14, respectively.
Trading Volume Falls Below Average
Trading volume for Apple Inc., which was recorded at 46.2 million shares, remained 12.3 million shares below its 50-day average volume of 58.5 million shares.
Conclusion
While Apple Inc.’s stock experienced a slight decline, the broader stock market demonstrated a positive trading session. Despite falling short of its 52-week high, the company’s stock remained relatively strong in comparison to its competitors.
