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Shares of International Business Machines Corp. (IBM) sank 0.53% to $131.64 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.08% to 4,151.94 and Dow Jones Industrial Average falling 0.26% to 32,726.82. International Business Machines Corp. closed $13.09 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 Thursday, as Apple Inc. (AAPL) fell 0.19% to $165.81, Microsoft Corp. (MSFT) rose 0.42% to $283.65, and Alphabet Inc. Cl A (GOOGL) rose 0.09% to $118.19. Trading volume (3.2 M) remained 2.3 million below its 50-day average volume of 5.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 4, 2022.
(END) Dow Jones Newswires
August 04, 2022 16:58 ET (20:58 GMT)
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