International Business Machines Corp. Stock Sheds 4.4%, Underperforms Peers

Dow Jones04:35

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

Shares of International Business Machines Corp. slipped 4.4% to $237.49 on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.4% to 7,551.81 and Dow Jones Industrial Average falling 1.2% to 51,461.90.

This was the stock's second consecutive day of losses.

International Business Machines Corp. closed 28.6% below its 52-week high of $332.46, which the company reached on June 2nd.

The stock underperformed when compared to some of its peers, as Microsoft Corp. fell 1.4% to $490.30, Alphabet Inc. Cl C fell 0.6% to $339.36, and Alphabet Inc. Cl A fell 0.61% to $342.87.

Trading volume totaled 6.2 million, compared to the 50-day average of 8.8 million.

Data source: Dow Jones Market Data, FactSet

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