DJ International Business Machines Corp. Stock Underperforms Thursday When Compared To Competitors
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Shares of International Business Machines Corp. $(IBM)$ slipped 2.60% to $243.49 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 4.84% to 5,396.52 and Dow Jones Industrial Average falling 3.98% to 40,545.93.
This was the stock's second consecutive day of losses.
International Business Machines Corp. closed 8.62% short of its 52-week high of $266.45, which the company reached on March 10th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Microsoft Corp. $(MSFT)$ fell 2.36% to $373.11, Alphabet Inc. Cl C $(GOOG)$ fell 3.92% to $152.63, and Alphabet Inc. Cl A $(GOOGL)$ fell 4.02% to $150.72.
Trading volume (5.3 M) eclipsed its 50-day average volume of 5.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 3, 2025.
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(END) Dow Jones Newswires
April 03, 2025 16:33 ET (20:33 GMT)
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