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Home Markets

Apple Inc. stock underperforms Monday when compared to competitors despite daily gains

by author
October 24, 2022
in Markets
Reading Time: 1 min read
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Shares of Apple Inc.
AAPL,
+1.48%
advanced 1.48% to $149.45 Monday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index
COMP,
+0.86%
rising 0.86% to 10,952.61 and the Dow Jones Industrial Average
DJIA,
+1.34%
rising 1.34% to 31,499.62. This was the stock’s second consecutive day of gains. Apple Inc. closed $33.49 short of its 52-week high ($182.94), which the company reached on January 4th.

The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Microsoft Corp.
MSFT,
+2.12%
rose 2.12% to $247.25, Alphabet Inc. Cl A
GOOGL,
+1.37%
rose 1.37% to $102.52, and International Business Machines Corp.
IBM,
+2.15%
rose 2.15% to $132.69. Trading volume (75.6 M) remained 10.0 million below its 50-day average volume of 85.6 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.

Tags: article_normalComputers/Consumer ElectronicsContent TypesCorporate/Industrial NewsFactiva FiltersFinancial PerformanceInternet Search EnginesOnline Service ProvidersShare Price Movement/DisruptionsTechnology
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