Apple Inc. stock falls Wednesday, underperforms market

Shares of Apple Inc.
AAPL,
-3.37%

slid 3.37% to $126.60 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average
DJIA,
+1.44%

rising 1.44% to 30,829.40 and the NASDAQ Composite Index
COMP,
-0.61%

falling 0.61% to 12,740.79. Apple Inc. closed $12.19 short of its 52-week high ($138.79), which the company achieved on December 29th.

The stock underperformed when compared to some of its competitors Wednesday, as Microsoft Corp.
MSFT,
-2.59%

fell 2.59% to $212.25, Alphabet Inc. Cl A
GOOGL,
-0.99%

fell 0.99% to $1,722.88, and International Business Machines Corp.
IBM,
+2.50%

rose 2.50% to $129.29. Trading volume (153.6 M) eclipsed its 50-day average volume of 107.4 M.

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