International Business Machines Corp. Stock Underperforms Friday When Compared To Competitors

Dynex Capital Inc

Change company Symbol lookup

Select an option...

DX Dynex Capital Inc

X United States Steel Corp

WM Waste Management Inc

CAG Conagra Brands Inc

SIRI Sirius XM Holdings Inc

K Kellogg Co

F Ford Motor Co

CPB Campbell Soup Co

T AT&T Inc

AA Alcoa Corp

Financials : Mortgage Real Estate Investment Trusts (REITs) | Small Cap Value

Company profile

Dynex Capital, Inc. is an internally managed mortgage real estate investment trust (REIT), which primarily invests in residential and commercial mortgage-backed securities (MBS). The Company's objective is to provide attractive risk-adjusted returns to its shareholders over the long term that are reflective of a leveraged, high quality fixed income portfolio with a focus on capital preservation. The Company seeks to provide returns to its shareholders primarily through the payment of regular dividends and through capital appreciation of its investments. The Company primarily invests in Agency MBS, including residential MBS (RMBS), commercial MBS (CMBS) and CMBS interest-only (IO) securities. The Company also have an investment in non-Agency MBS, which consist mainly of CMBS IO.

International Business Machines Corp. Stock Underperforms Friday When Compared To Competitors

4:59 pm ET May 20, 2022 (MarketWatch) Print

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

Shares of International Business Machines Corp. (IBM) slumped 0.91% to $128.48 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.01% to 3,901.36 and the Dow Jones Industrial Average rising 0.03% to 31,261.90. This was the stock's third consecutive day of losses. International Business Machines Corp. closed $17.51 below its 52-week high ($145.99), which the company achieved on June 10th.

The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Apple Inc. (AAPL) rose 0.17% to $137.59, Microsoft Corp. (MSFT) fell 0.23% to $252.56, and Alphabet Inc. Cl A (GOOGL) fell 1.34% to $2,178.16. Trading volume (6.9 M) eclipsed its 50-day average volume of 5.0 M.

Data source: Dow Jones Market Data, FactSet. Data compiled May 20, 2022.

(END) Dow Jones Newswires

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