Apple Inc. stock underperforms Friday when compared to competitors

Shares of Apple Inc. AAPL, -3.17% slid 3.17% to $106.84 Friday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index COMP, -1.07% falling 1.07% to 10,793.28 and Dow Jones Industrial Average DJIA, -0.87% falling 0.88% to 27,657.42.

This was the stock’s third consecutive day of losses. Apple Inc. closed $31.14 below its 52-week high ($137.98), which the company reached on September 2nd.

The stock underperformed when compared to some of its competitors Friday, as Microsoft Corp. MSFT, -1.24% fell 1.24% to $200.39, Alphabet Inc.

Cl A GOOGL, -2.41% fell 2.42% to $1,451.09, and International Business Machines Corp. IBM, -1.72% fell 1.73% to $122.76. Trading volume (282.4 M) eclipsed its 50-day average volume of 175.3 M.

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