Shares of Apple Inc. (AAPL) experienced a notable rally of 1.33% on Thursday, reaching a price of $186.86. This surge came amidst a generally favorable trading session for the stock market. The NASDAQ Composite Index (COMP) rose by 1.30% to reach 15,361.64, while the Dow Jones Industrial Average (DJIA) saw a 0.97% increase, closing at 38,519.84.
Apple’s stock had previously endured a six-day losing streak, making this rally a significant comeback for the company. Though it fell short of its 52-week high of $199.62, which was achieved on December 14th, Apple Inc. closed at a mere $12.76 below that mark.
In comparison to its competitors on Thursday, Apple’s performance was mixed. Microsoft Corp. (MSFT) saw a rise of 1.56% to reach $403.78, while Alphabet Inc. Cl C (GOOG) experienced a more modest increase of 0.64% at $142.71. Alphabet Inc. Cl A (GOOGL) also saw a 0.76% increase to close at $141.16.
The trading volume for Apple Inc. reached 52.8 million shares, surpassing its 50-day average volume of 52.4 million shares.