Apple Inc. Shares Slide Amidst Stock Market Downturn
On Friday, shares of Apple Inc. (AAPL) experienced a decline of 1.47%, reaching $172.88. This drop was part of a broader downturn in the stock market, with the NASDAQ Composite Index (COMP) falling 1.53% to 12,983.81 and the Dow Jones Industrial Average (DJIA) falling 0.86% to 33,127.28.
Continuation of a Losing Streak
This decline marks the sixth consecutive day of losses for Apple Inc. shares. Investors have been closely monitoring the stock's performance in recent weeks.
Close to 52-Week High
Despite the recent decline, Apple Inc. is still relatively close to its 52-week high of $198.23, which was achieved on July 19th. The company's stock closed $25.35 below this milestone.
Comparison with Competitors
On the same trading day, several of Apple Inc.'s competitors also experienced declines. Microsoft Corp. (MSFT) saw a drop of 1.40% to $326.67, Alphabet Inc. Cl C (GOOG) fell 1.61% to $136.74, and Alphabet Inc. Cl A (GOOGL) decreased by 1.56% to $135.60.
Trading Volume Exceeds Average
The trading volume for Apple Inc. reached 63.0 million shares on Friday, surpassing its 50-day average volume of 58.0 million shares.
All Rights Reserved © 2024
Post a comment