Apple Inc. (AAPL) experienced a 1.55% decrease in its stock price, closing at $192.58 on Wednesday. The overall trading session was unfavorable for the stock market, with both the NASDAQ Composite Index (COMP) and the Dow Jones Industrial Average (DJIA) experiencing significant declines of 2.17% and 0.98% respectively.
Second Consecutive Day of Losses
This marked the stock’s second consecutive day of losses, reflecting the challenging market conditions. Despite this setback, Apple Inc. managed to outperform some of its competitors.
Falling Short of 52-Week High
Apple Inc.’s closing price fell $5.65 short of its 52-week high ($198.23), which the company had achieved on July 19th.
Outperforming Competitors
Though Apple Inc. faced losses, it still performed better than some of its competitors on Wednesday. Microsoft Corp. (MSFT) saw a decline of 2.63% to $327.50, Alphabet Inc. Cl C (GOOG) fell 2.46% to $128.64, and Alphabet Inc. Cl A (GOOGL) dropped 2.41% to $128.38.
Trading Volume Below Average
The trading volume for Apple Inc. was 50.1 million, which is 5.7 million below its 50-day average volume of 55.8 million.