Apple Inc. (AAPL) experienced a slight uptick in its stock price, rising by 0.25% to reach $173.44 on Tuesday. This positive performance took place alongside a strong trading session for the overall stock market. The NASDAQ Composite Index (COMP) rose by 0.93% to 13,139.87, while the Dow Jones Industrial Average (DJIA) increased by 0.62% to 33,141.38.
Steady Momentum for Apple Inc.
This marks the second consecutive day of gains for Apple Inc., signaling a positive trend for the company. However, it is worth noting that Apple Inc. closed at $24.79 below its 52-week high of $198.23, which it achieved back on July 19th.
While Apple Inc. showed modest growth, it underperformed when compared to some of its competitors on Tuesday. Microsoft Corp. (MSFT) saw a 0.37% rise to $330.53, Alphabet Inc. Cl C (GOOG) increased by 1.61% to $140.12, and Alphabet Inc. Cl A (GOOGL) rose by 1.69% to $138.81.
Trading Volume Analysis
The trading volume for Apple Inc. stood at 43.5 million shares, which fell short of its 50-day average volume of 58.2 million shares by 14.8 million.