International Business Machines Corp. stock rises Friday, still underperforms market

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Published: Nov. 3, 2023 at 4:38 p.m. ET

Shares of International Business Machines Corp. IBM inched 0.61% higher to $147.90 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.94% to 4,358.34 and the Dow Jones Industrial Average DJIA rising 0.66% to 34,061.32.

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

International…

Shares of International Business Machines Corp.

IBM

inched 0.61% higher to $147.90 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index

SPX

rising 0.94% to 4,358.34 and the Dow Jones Industrial Average

DJIA

rising 0.66% to 34,061.32.

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

International Business Machines Corp. closed $5.31 below its 52-week high ($153.21), which the company reached on December 13th.

The stock underperformed when compared to some of its competitors Friday, as Microsoft Corp.

MSFT

rose 1.29% to $352.80, Alphabet Inc. Cl C

GOOG

rose 1.39% to $130.37, and Alphabet Inc. Cl A

GOOGL

rose 1.26% to $129.10.

Trading volume (3.5 M) remained 589,143 below 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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