Published on 21 Jul 2021 on Market Watch
Apple Inc. stock underperforms Wednesday when compared to competitors
Shares of Apple Inc. slipped 0.51% to $145.40 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index rising 0.92% to 14,631.95 and the Dow Jones Industrial Average rising 0.83% to 34,798.00. Apple Inc. closed $4.60 below its 52-week high ($150.00), which the company achieved on July 15th.
The stock underperformed when compared to some of its competitors Wednesday, as Microsoft Corp. rose 0.74% to $281.40, Alphabet Inc. Cl A rose 1.06% to $2,550.98, and International Business Machines Corp. rose 0.95% to $141.30. Trading volume (71.5 M) remained 9.5 million below its 50-day average volume of 81.0 M.