Apple Inc. stock rises Monday, outperforms market
Shares of Apple Inc. AAPL, +2.38% rallied 2.39% to $114.96 Monday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index COMP, +1.86% rising 1.87% to 11,117.53 and the Dow Jones Industrial Average DJIA, +1.50% rising 1.51% to 27,584.06. This was the stock's third consecutive day of gains. Apple Inc. closed $23.02 below its 52-week high ($137.98), which the company achieved on September 2nd.
The stock outperformed some of its competitors Monday, as Microsoft Corp. MSFT, +0.78% rose 0.78% to $209.44, Alphabet Inc. Cl A GOOGL, +1.36% rose 1.36% to $1,458.66, and International Business Machines Corp. IBM, +2.33% rose 2.34% to $121.73. Trading volume (136.6 M) remained 45.2 million below its 50-day average volume of 181.8 M.
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