DJ International Business Machines Corp. Stock Rises Thursday, Still Underperforms Market
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Shares of International Business Machines Corp. $(IBM)$ inched 0.07% higher to $169.12 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.23% to 5,433.74 and the Dow Jones Industrial Average falling 0.17% to 38,647.10.
The stock's rise snapped a two-day losing streak.
International Business Machines Corp. closed $30.06 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. $(MSFT)$ rose 0.12% to $441.58, Alphabet Inc. Cl C $(GOOG)$ fell 1.57% to $176.74, and Alphabet Inc. Cl A $(GOOGL)$ fell 1.48% to $175.16.
Trading volume (3.3 M) remained 645,613 below its 50-day average volume of 3.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 13, 2024.
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(END) Dow Jones Newswires
June 13, 2024 16:39 ET (20:39 GMT)
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