International Business Machines Corp. stock falls Wednesday, underperforms market

Shares of International Business Machines Corp.
IBM,
-0.33%
slipped 0.33% to $139.82 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index
SPX,
+0.12%
rising 0.12% to 4,374.30 and the Dow Jones Industrial Average
DJIA,
+0.13%
rising 0.13% to 34,933.23. This was the stock’s third consecutive day of losses. International Business Machines Corp. closed $13.02 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 Wednesday, as Apple Inc.
AAPL,
+2.41%
rose 2.41% to $149.15, Microsoft Corp.
MSFT,
+0.54%
rose 0.54% to $282.51, and Alphabet Inc. Cl A
GOOGL,
+0.70%
rose 0.70% to $2,564.74. Trading volume (4.4 M) remained 90,567 below its…

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