December 8, 2022
International Business Machines Corp. stock outperforms competitors on strong trading day

International Business Machines Corp. stock outperforms competitors on strong trading day

Shares of International Business Machines Corp.
IBM,
+0.90%
inched 0.90% higher to $137.79 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index
SPX,
-0.72%
falling 0.72% to 4,274.04 and Dow Jones Industrial Average
DJIA,
-0.50%
falling 0.50% to 33,980.32. This was the stock’s sixth consecutive day of gains. International Business Machines Corp. closed $6.94 below its 52-week high ($144.73), which the company reached on June 6th.

The stock outperformed some of its competitors Wednesday, as Apple Inc.
AAPL,
+0.88%
rose 0.88% to $174.55, Microsoft Corp.
MSFT,
-0.26%
fell 0.26% to $291.32, and Alphabet Inc. Cl A
GOOGL,
-1.77%
fell 1.77% to $119.55. Trading volume (3.7 M) remained 1.6 million below its 50-day average volume of 5.3 M.


Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

https://www.marketwatch.com/story/international-business-machines-corp-stock-outperforms-competitors-on-strong-trading-day-01660769946-75f40356293c