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Published: Dec. 7, 2023 at 4:38 p.m. ET
Shares of International Business Machines Corp. IBM sank 0.04% to $160.22 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.80% to 4,585.59 and the Dow Jones Industrial Average DJIA rising 0.17% to 36,117.38.
This was the stock’s second consecutive day of losses.
International…
Shares of International Business Machines Corp.
IBM
sank 0.04% to $160.22 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index
SPX
rising 0.80% to 4,585.59 and the Dow Jones Industrial Average
DJIA
rising 0.17% to 36,117.38.
This was the stock’s second consecutive day of losses.
International Business Machines Corp. closed $2.57 short of its 52-week high ($162.79), which the company reached on December 4th.
The stock underperformed when compared to some of its competitors Thursday, as Microsoft Corp.
MSFT
rose 0.58% to $370.95, Alphabet Inc. Cl C
GOOG
rose 5.34% to $138.45, and Alphabet Inc. Cl A
GOOGL
rose 5.31% to $136.93.
Trading volume (3.7 M) remained 488,620 below 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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