Home News Apple Inc. shares slip, but still show strong performance

Apple Inc. shares slip, but still show strong performance

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Shares of Apple Inc. (AAPL) slipped 1.27% to $181.91 on Thursday, marking the stock’s fourth consecutive day of losses. However, despite this recent downward trend, Apple Inc. has still demonstrated a strong performance in comparison to its competitors.

Mixed trading session for the stock market

Thursday’s trading session proved to be a mixed one for the stock market. While the Dow Jones Industrial Average (DJIA) rose slightly by 0.03% to 37,440.34, the NASDAQ Composite Index (COMP) fell 0.56% to 14,510.30.

Falling short of 52-week high

Apple Inc. closed at $17.71 short of its 52-week high of $199.62, which was achieved on December 14th. Despite not reaching this recent peak, Apple Inc. continues to be a strong player in the market.

Mixed performance compared to competitors

When comparing Apple Inc.’s performance to some of its competitors on Thursday, we can see a mixed trend. Microsoft Corp. (MSFT) fell 0.72% to $367.94, Alphabet Inc. Cl C (GOOG) fell 1.65% to $138.04, and Alphabet Inc. Cl A (GOOGL) fell 1.82% to $136.39.

Above-average trading volume

On Thursday, the trading volume for Apple Inc. reached 70.6 million shares, surpassing its 50-day average volume of 53.7 million shares. This indicates a higher level of activity and interest in Apple Inc.’s stock.

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