Apple Inc. Shares Dip 0.89% Amidst Mixed Trading Session
Apple Inc. (AAPL) experienced a 0.89% decline in its shares, closing at $170.43 on Wednesday. This came in the midst of a varied trading session for the stock market. The NASDAQ Composite Index (COMP) rose by 0.22% to reach 13,092.85, while the Dow Jones Industrial Average (DJIA) fell by 0.20%, settling at 33,550.27.
Declining for the Second Consecutive Day
Apple's shares faced a second consecutive day of losses as it struggled to maintain its momentum. The company's stock closed $27.80 below its 52-week high of $198.23, a record set on July 19th.
Underperformance in Comparison to Competitors
On Wednesday, Apple's stock lagged behind some of its key competitors. Microsoft Corp. (MSFT) saw a 0.21% increase in its shares, closing at $312.79. Meanwhile, Alphabet Inc. Cl C (GOOG) experienced a substantial 1.55% surge, reaching $131.46, and Alphabet Inc. Cl A (GOOGL) rose by 1.54% to $130.54.
Robust Trading Volume
Apple's trading volume was higher than usual, with 66.4 million shares exchanged, surpassing its 50-day average volume of 60.2 million shares.
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