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Shares of International Business Machines Corp. IBM shed 1.57% to $127.15 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 0.99% to 3,998.95 and the Dow Jones Industrial Average DJIA rising 0.51% to 32,036.90. This was the stock's fourth consecutive day of losses. International Business Machines Corp. closed $17.58 below its 52-week high ($144.73), which the company achieved on June 6th.
The stock underperformed when compared to some of its competitors Thursday, as Apple Inc. AAPL rose 1.51% to $155.35, Microsoft Corp. MSFT rose 0.98% to $264.84, and Alphabet Inc. Cl A GOOGL rose 0.39% to $114.34. Trading volume (12.0 M) eclipsed its 50-day average volume of 5.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 21, 2022.
(END) Dow Jones Newswires
July 21, 2022 16:59 ET (20:59 GMT)
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