International Business Machines Corp. stock falls Tuesday, underperforms market

Shares of International Business Machines Corp.
slipped 0.45% to $140.28 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index
falling 0.35% to 4,369.21 and Dow Jones Industrial Average
falling 0.31% to 34,888.79. This was the stock’s second consecutive day of losses. International Business Machines Corp. closed $12.56 short of its 52-week high ($152.84), which the company achieved on June 10th.

The stock underperformed when compared to some of its competitors Tuesday, as Apple Inc.
rose 0.79% to $145.64, Microsoft Corp.
rose 1.32% to $280.98, and Alphabet Inc. Cl A
rose 0.29% to $2,546.83. Trading volume (3.2 M) remained 1.4 million below its 50-day…

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