Tuesday, February 7, 2023
HomeMarketApple Inc. stock rises Wednesday, still underperforms market

Apple Inc. stock rises Wednesday, still underperforms market

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Shares of Apple Inc.
AAPL,
+0.59%
inched 0.59% higher to $151.07 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index
COMP,
+0.99%
rising 0.99% to 11,285.32 and the Dow Jones Industrial Average
DJIA,
+0.28%
rising 0.28% to 34,194.06. This was the stock’s second consecutive day of gains. Apple Inc. closed $31.87 short of its 52-week high ($182.94), which the company achieved on January 4th.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Microsoft Corp.
MSFT,
+1.04%
rose 1.04% to $247.58, Alphabet Inc. Cl A
GOOGL,
+1.45%
rose 1.45% to $98.46, and International Business Machines Corp.
IBM,
-0.23%
fell 0.23% to $148.75. Trading volume (58.1 M) remained 34.4 million below its 50-day average volume of 92.5 M.


Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

Credit: marketwatch.com

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