Apple Inc. (AAPL) experienced a notable 2.07% increase in share price on Thursday, reaching $177.57. This positive performance reflects a successful trading day for the overall stock market. The NASDAQ Composite Index (COMP) rose by 1.78% to 13,294.19, while the Dow Jones Industrial Average (DJIA) saw a 1.70% increase, closing at 33,839.08.
Steady Growth Continues
The recent surge marks the fifth consecutive day of gains for Apple Inc., signaling a consistent rise in market value. Despite closing at $20.66 lower than its 52-week high of $198.23, achieved on July 19th, the stock’s upward momentum remains intact.
Outperforming Competitors
During Thursday’s trading session, Apple Inc. outperformed several of its key competitors in the market. Microsoft Corp. (MSFT) observed a 0.65% increase, with its shares reaching $348.32. Likewise, Alphabet Inc. Cl C (GOOG) experienced a positive growth of 0.79%, closing at $128.58, while Alphabet Inc. Cl A (GOOGL) saw an increase of 0.82% to $127.49.
Impressive Trading Volume
The trading volume for Apple Inc. on Thursday was recorded at 66.4 million shares, surpassing its 50-day average volume of 58.9 million shares. This high volume reinforces the rising interest and activity surrounding the company’s stock.