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Shares of International Business Machines Corp. IBM rose 1.21% to $130.79 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 1.42% to 4,130.29 and the Dow Jones Industrial Average DJIA rising 0.97% to 32,845.13. This was the stock's third consecutive day of gains. International Business Machines Corp. closed $13.94 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 Friday, as Apple Inc. AAPL rose 3.28% to $162.51, Microsoft Corp. MSFT rose 1.57% to $280.74, and Alphabet Inc. Cl A GOOGL rose 1.84% to $116.32. Trading volume (5.8 M) eclipsed its 50-day average volume of 5.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 29, 2022.
(END) Dow Jones Newswires
July 29, 2022 16:59 ET (20:59 GMT)
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