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Shares of International Business Machines Corp. IBM inched 0.40% higher to $132.34 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 1.56% to 4,155.17 and the Dow Jones Industrial Average DJIA rising 1.29% to 32,812.50. International Business Machines Corp. closed $12.39 short of its 52-week high ($144.73), which the company achieved on June 6th.
The stock underperformed when compared to some of its competitors Wednesday, as Apple Inc. AAPL rose 3.82% to $166.13, Microsoft Corp. MSFT rose 2.78% to $282.47, and Alphabet Inc. Cl A GOOGL rose 2.56% to $118.08. Trading volume (3.1 M) remained 2.5 million below its 50-day average volume of 5.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 3, 2022.
(END) Dow Jones Newswires
August 03, 2022 16:59 ET (20:59 GMT)
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