Apple Inc. stock underperforms Friday when compared to competitors
Shares of Apple Inc.
slipped 1.83% to $146.06 Friday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index
falling 0.91% to 15,043.97 and Dow Jones Industrial Average
falling 0.48% to 34,584.88. This was the stock’s second consecutive day of losses. Apple Inc. closed $11.20 short of its 52-week high ($157.26), which the company reached on September 7th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Microsoft Corp.
fell 1.75% to $299.87, Alphabet Inc. Cl A
fell 1.96% to $2,816.00, and International Business Machines Corp.
fell 0.88% to $135.23. Trading volume (125.0 M) eclipsed its 50-day average volume of 77.2 M.