© Reuters.
Apple Inc.’s shares (NASDAQ:) continued their upward trajectory this Tuesday, rising by 0.28% to close at $170.77. This marks the third consecutive day of gains for the tech giant in a bullish market session that also saw the and rise by 0.48% and 0.38%, respectively.
Apple’s performance notably surpassed that of its competitors. Microsoft Corp .’s stock (NASDAQ:) increased by a smaller margin of 0.24%, while Alphabet (NASDAQ:) Inc.’s Class C (NASDAQ:GOOG) and Class A (NASDAQ:GOOGL) stocks fell by 0.36% and 0.31%, respectively.
Despite this strong performance, Apple’s closing price remains $27.46 below its year-high of $198.23, which was reached on July 19th. Additionally, Apple’s trading volume of 43.5 million shares was lower than its 50-day average of 58.6 million shares, indicating less trading activity than usual for the company’s stock.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Read the full article here