Shares of Apple Inc.
shed 2.45% to $122.06 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index
falling 2.70% to 12,997.75 and Dow Jones Industrial Average
falling 0.39% to 31,270.09. This was the stock’s second consecutive day of losses. Apple Inc. closed $23.03 short of its 52-week high ($145.09), which the company achieved on January 25th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Microsoft Corp.
fell 2.70% to $227.56, Alphabet Inc. Cl A
fell 2.57% to $2,011.41, and International Business Machines Corp.
rose 1.69% to $122.36. Trading volume (111.3 M) eclipsed its 50-day average volume of 107.2 M.