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Apple shares rise Tuesday, but still underperforms market
Tuesday June 25, 2024. 11:15 PM , from Mac Daily News
Apple (AAPL) stock edged up 0.45% to close at $209.07 on Tuesday, defying the mixed performance of the broader market. The NASDAQ gained 1.26%, while the Dow Jones fell 0.76%.
This marked Apple’s second day of consecutive gains. However, the stock still sits $11.13 below its 52-week high of $220.20 reached in June 12th. Additionally, Apple underperformed some of its tech peers. Microsoft (MSFT) rose 0.73%, Alphabet Class C (GOOG) climbed 2.65%, and Alphabet Class A (GOOGL) gained 2.68%. Trading volume for Apple remained subdued, at 55.5 million shares, which is 16.3 million below its 50-day average volume of 71.8 million. Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. MacDailyNews Take: Big jumps are fun, but usually unsustainable. Nice incremental gains build a strong foundation over time. Please help support MacDailyNews. Click or tap here to support our independent tech blog. Thank you! Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post Apple shares rise Tuesday, but still underperforms market appeared first on MacDailyNews.
https://macdailynews.com/2024/06/25/apple-shares-rise-tuesday-but-still-underperforms-market/
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