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Published: Dec. 13, 2023 at 4:38 p.m. ET
Shares of International Business Machines Corp. IBM shed 0.66% to $163.62 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 1.37% to 4,707.09 and the Dow Jones Industrial Average DJIA rising 1.40% to 37,090.24.
The stock’s fall snapped a three-day winning streak.
International…
Shares of International Business Machines Corp.
IBM
shed 0.66% to $163.62 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index
SPX
rising 1.37% to 4,707.09 and the Dow Jones Industrial Average
DJIA
rising 1.40% to 37,090.24.
The stock’s fall snapped a three-day winning streak.
International Business Machines Corp. closed $2.72 below its 52-week high ($166.34), which the company reached on December 12th.
The stock underperformed when compared to some of its competitors Wednesday, as Microsoft Corp.
MSFT
fell 0.00% to $374.37, Alphabet Inc. Cl C
GOOG
rose 0.25% to $133.97, and Alphabet Inc. Cl A
GOOGL
rose 0.04% to $132.57.
Trading volume (4.9 M) eclipsed its 50-day average volume of 4.2 M.
Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.
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