International Business Machines Corp. Stock Advances 3.9%, Outperforms Peers

Dow Jones04:35

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of International Business Machines Corp. advanced 3.9% to $238.79 on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.7% to 7,730.99 and the Dow Jones Industrial Average rising 0.2% to 53,569.44.

International Business Machines Corp. closed 28.2% short of its 52-week high of $332.46, which the company reached on June 2nd.

The stock outperformed some of its peers, as Microsoft Corp. rose 1.8% to $505.06, Alphabet Inc. Cl C fell 0.4% to $337.71, and Alphabet Inc. Cl A fell 0.39% to $340.65.

Trading volume totaled 5.5 million, compared to the 50-day average of 9.8 million.

Data source: Dow Jones Market Data, FactSet

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