By Shares of Apple Inc. (AAPL) experienced a notable increase of 1.23% on Monday, reaching a price of $170.29. This positive movement coincided with a great trading session for the overall stock market. The NASDAQ Composite Index (COMP) rose by 1.16%, closing at 12,789.48, while the Dow Jones Industrial Average (DJIA) experienced a 1.58% surge, closing at 32,928.96.
A Continued Trend of Success
This recent surge marks the second consecutive day of gains for Apple Inc. However, the stock still closed $27.94 short of its 52-week high, which was achieved on July 19th.
Underperformance Compared to Competitors
Although Apple Inc. experienced gains, it lagged behind some of its competitors on Monday. Microsoft Corp. (MSFT) saw a rise of 2.27%, reaching a price of $337.31. Similarly, Alphabet Inc. Cl C (GOOG) increased by 1.90%, closing at $125.75, and Alphabet Inc. Cl A (GOOGL) recorded a rise of 1.87%, closing at $124.46.
Trading Volume Insights
Throughout the trading session, the trading volume for Apple Inc. was 50.4 million shares, which is below its 50-day average volume of 58.8 million shares.
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