Apple Inc. Stock Falls 7.4%, Underperforms Peers

Dow Jones08-01 04:33

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Apple Inc. slipped 7.4% to $308.91 on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 1.0% to 25,373.85 and the Dow Jones Industrial Average rising 0.5% to 52,485.03.

This was the stock's third consecutive day of losses.

Apple Inc. closed 10.3% below its 52-week high of $344.57, which the company reached on July 29th.

The stock underperformed when compared to some of its peers, as Microsoft Corp. rose 3.0% to $464.72, Alphabet Inc. Cl C rose 6.9% to $356.65, and Alphabet Inc. Cl A rose 6.73% to $356.13.

Trading volume totaled 131.6 million, compared to the 50-day average of 57.0 million.

Data source: Dow Jones Market Data, FactSet

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