DJ International Business Machines Corp. Stock Outperforms Competitors Despite Losses On The Day
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Shares of International Business Machines Corp. $(IBM)$ dropped 0.89% to $181.47 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.06% to 37,775.38 and the S&P 500 Index falling 0.22% to 5,011.12.
This was the stock's second consecutive day of losses.
International Business Machines Corp. closed $17.71 short of its 52-week high ($199.18), which the company achieved on March 12th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Microsoft Corp. $(MSFT)$ fell 1.84% to $404.27, Alphabet Inc. Cl C $(GOOG)$ rose 0.37% to $157.46, and Alphabet Inc. Cl A $(GOOGL)$ rose 0.35% to $156.01.
Trading volume (2.9 M) remained 1.4 million below its 50-day average volume of 4.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 18, 2024.
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(END) Dow Jones Newswires
April 18, 2024 16:38 ET (20:38 GMT)
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