International Business Machines Corp. stock outperforms competitors despite losses on the day

Shares of International Business Machines Corp.
dropped 0.09% to $150.54 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index
rising 0.47% to 4,239.18 and the Dow Jones Industrial Average
rising 0.06% to 34,466.24. The stock’s fall snapped a four-day winning streak. International Business Machines Corp. closed $0.53 short of its 52-week high ($151.07), which the company achieved on June 9th.

The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Apple Inc.
fell 0.80% to $126.11, Microsoft Corp.
rose 1.44% to $257.24, and Alphabet Inc. Cl A
rose 1.13% to $2,435.13. Trading volume (4.7 M) remained 294,569…

Read more…