International Business Machines Corp. Stock Falls Wednesday, Still Outperforms Market

Par Pacific Holdings Inc

Change company Symbol lookup

Select an option...

PARR Par Pacific Holdings Inc

AOD Aberdeen Total Dynamic Dividend Fund

VIRX Viracta Therapeutics Inc

YELP Yelp Inc

CCLV Karbon-X Corp

NCBDF Bandai Namco Holdings Inc

GTN Gray Television Inc

BKD Brookdale Senior Living Inc

PMT PennyMac Mortgage Investment Trust

EVTVD Envirotech Vehicles Inc

Energy : Oil, Gas & Consumable Fuels | Small Cap Value

Company profile

Par Pacific Holdings, Inc. owns and operates energy and infrastructure businesses. The Company operates through three segments: Refining, Retail and Logistics. Refining segment owns and operates approximately three refineries with total operating crude oil throughput capacity of over 154 thousand barrels per day (Mbpd) in Hawaii, Wyoming, and Washington. Retail segment includes retail outlets in Hawaii, Washington, and Idaho that sells gasoline, diesel and retail merchandise. Logistics segment owns and operates terminals, pipelines, a single point mooring (SPM), and trucking operations to distribute refined products throughout the islands of Oahu, Maui, Hawaii, Molokai, and Kauai. Its refinery in Newcastle, Wyoming, produces gasoline, jet fuel, ultra-low sulfur diesel (ULSD), and other associated refined products that are primarily marketed in Wyoming and South Dakota. It operates convenience stores at its Hawaii retail fuel outlets under its nomnom brand that sell merchandise.

International Business Machines Corp. Stock Falls Wednesday, Still Outperforms Market

4:59 pm ET May 18, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of International Business Machines Corp. (IBM) slid 3.92% to $132.94 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 4.04% to 3,923.68 and Dow Jones Industrial Average falling 3.57% to 31,490.07. The stock's fall snapped a five-day winning streak. International Business Machines Corp. closed $13.05 below its 52-week high ($145.99), which the company reached on June 10th.

Despite its losses, the stock outperformed some of its competitors Wednesday, as Apple Inc. (AAPL) fell 5.64% to $140.82, Microsoft Corp. (MSFT) fell 4.55% to $254.08, and Alphabet Inc. Cl A (GOOGL) fell 3.93% to $2,237.99.true Trading volume (6.0 M) eclipsed its 50-day average volume of 4.9 M.

Data source: Dow Jones Market Data, FactSet. Data compiled May 18, 2022.

(END) Dow Jones Newswires

May 18, 2022 16:59 ET (20:59 GMT)