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Shares of International Business Machines Corp. IBM slipped 1.30% to $129.18 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.59% to 3,959.90 and the Dow Jones Industrial Average DJIA rising 0.15% to 31,874.84. This was the stock's third consecutive day of losses. International Business Machines Corp. closed $15.55 short of its 52-week high ($144.73), which the company reached on June 6th.
The stock underperformed when compared to some of its competitors Wednesday, as Apple Inc. AAPL rose 1.35% to $153.04, Microsoft Corp. MSFT rose 1.06% to $262.27, and Alphabet Inc. Cl A GOOGL rose 0.08% to $113.90. Trading volume (9.9 M) eclipsed its 50-day average volume of 5.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 20, 2022.
(END) Dow Jones Newswires
July 20, 2022 16:59 ET (20:59 GMT)
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