DJ International Business Machines Corp. Stock Outperforms Competitors Despite Losses On The Day
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Shares of International Business Machines Corp. $(IBM)$ slumped 0.14% to $168.38 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.13% to 5,187.70 and the Dow Jones Industrial Average rising 0.08% to 38,884.26.
The stock's fall snapped a three-day winning streak.
International Business Machines Corp. closed $30.80 below 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 Tuesday, as Microsoft Corp. $(MSFT)$ fell 1.02% to $409.34, Alphabet Inc. Cl C $(GOOG)$ rose 1.85% to $172.98, and Alphabet Inc. Cl A $(GOOGL)$ rose 1.87% to $171.25.
Trading volume (3.0 M) remained 1.6 million below its 50-day average volume of 4.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 7, 2024.
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(END) Dow Jones Newswires
May 07, 2024 16:38 ET (20:38 GMT)
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