By Shares of Apple Inc. (AAPL) made a modest gain of 0.54% on Tuesday, closing at $196.94. It was a favorable trading day overall for the stock market, with both the NASDAQ Composite Index (COMP) and Dow Jones Industrial Average (DJIA) also experiencing gains.
Snapshot of the Market
The NASDAQ Composite Index rose by 0.66% to reach 15,003.22, while the Dow Jones Industrial Average increased by 0.68% and settled at 37,557.92. This marked a positive turnaround for Apple Inc. after two consecutive days of losses.
Near 52-Week High
Apple Inc. closed just $2.68 below its 52-week high of $199.62, which it achieved on December 14th.
Mixed Performance Compared to Competitors
When compared to some of its competitors on Tuesday, Apple Inc.’s stock performance was mixed. Microsoft Corp. (MSFT) saw a modest increase of 0.16% to reach $373.26, Alphabet Inc. Class C (GOOG) rose by 0.66% to reach $138.10, and Alphabet Inc. Class A (GOOGL) rose by 0.63% to $136.65.
Trading Volume
The trading volume for Apple Inc. was lower than its 50-day average volume of 54.9 million, with 40.2 million shares being traded.
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