International Business Machines Corp. stock outperforms market on strong trading day

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Published: Dec. 11, 2023 at 4:38 p.m. ET

Shares of International Business Machines Corp. IBM inched 0.96% higher to $163.51 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.39% to 4,622.44 and the Dow Jones Industrial Average DJIA rising 0.43% to 36,404.93.

This was the stock’s second consecutive day of gains.

International…

Shares of International Business Machines Corp.

IBM

inched 0.96% higher to $163.51 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index

SPX

rising 0.39% to 4,622.44 and the Dow Jones Industrial Average

DJIA

rising 0.43% to 36,404.93.

This was the stock’s second consecutive day of gains.

International Business Machines Corp. hit a new 52-week high, surpassing its previous peak of $162.79, which the company reached on December 4th.

The stock outperformed some of its competitors Monday, as Microsoft Corp.

MSFT

fell 0.78% to $371.30, Alphabet Inc. Cl C

GOOG

fell 1.42% to $134.70, and Alphabet Inc. Cl A

GOOGL

fell 1.26% to $133.29.

Trading volume (6.1 M) eclipsed its 50-day average volume of 4.1 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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