DJ International Business Machines Corp. Stock Outperforms Competitors On Strong Trading Day
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Shares of International Business Machines Corp. $(IBM)$ rose 1.22% to $190.80 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.86% to 5,248.49 and the Dow Jones Industrial Average rising 1.22% to 39,760.08.
The stock's rise snapped a four-day losing streak.
International Business Machines Corp. closed $8.38 below its 52-week high ($199.18), which the company achieved on March 12th.
The stock outperformed some of its competitors Wednesday, as Microsoft Corp. $(MSFT)$ fell 0.05% to $421.43, Alphabet Inc. Cl C $(GOOG)$ rose 0.16% to $151.94, and Alphabet Inc. Cl A $(GOOGL)$ rose 0.13% to $150.87.
Trading volume (3.7 M) remained 1.9 million below its 50-day average volume of 5.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 27, 2024.
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(END) Dow Jones Newswires
March 27, 2024 16:38 ET (20:38 GMT)
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