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. rallied 3.9% to $251.46 on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.6% to 7,757.17 and the Dow Jones Industrial Average rising 0.7% to 52,856.09.

This was the stock's third consecutive day of gains.

International Business Machines Corp. closed 24.4% below its 52-week high of $332.46, which the company achieved on June 2nd.

The stock outperformed some of its peers, as Microsoft Corp. rose 0.2% to $532.95, Alphabet Inc. Cl C fell 1.6% to $330.95, and Alphabet Inc. Cl A fell 1.62% to $334.76.

Trading volume totaled 8.4 million, compared to the 50-day average of 5.3 million.

Data source: Dow Jones Market Data, FactSet

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