Shares of Apple Inc.
shed 2.69% to $142.45 Monday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index
falling 1.06% to 14,274.98 and Dow Jones Industrial Average
falling 2.09% to 33,962.04. This was the stock’s third consecutive day of losses. Apple Inc. closed $7.55 short of its 52-week high ($150.00), which the company reached on July 15th.
The stock underperformed when compared to some of its competitors Monday, as Microsoft Corp.
fell 1.33% to $277.01, Alphabet Inc. Cl A
fell 1.88% to $2,491.56, and International Business Machines Corp.
fell 0.71% to $137.92. Trading volume (116.6 M) eclipsed its 50-day average volume of 80.0 M.