DJ International Business Machines Corp. Stock Rises Thursday, Still Underperforms Market
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Shares of International Business Machines Corp. $(IBM)$ inched 0.16% higher to $164.69 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.91% to 5,064.20 and the Dow Jones Industrial Average rising 0.85% to 38,225.66.
The stock's rise snapped a two-day losing streak.
International Business Machines Corp. closed $34.49 short of its 52-week high ($199.18), which the company achieved on March 12th.
The stock underperformed when compared to some of its competitors Thursday, as Microsoft Corp. $(MSFT)$ rose 0.73% to $397.84, Alphabet Inc. Cl C $(GOOG)$ rose 1.75% to $168.46, and Alphabet Inc. Cl A $(GOOGL)$ rose 1.68% to $166.62.
Trading volume (3.8 M) remained 848,991 below its 50-day average volume of 4.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 2, 2024.
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May 02, 2024 16:38 ET (20:38 GMT)
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