International Business Machines Corp. stock rises Monday, outperforms market

Shares of International Business Machines Corp.
IBM,
+2.47%
advanced 2.47% to $146.65 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index
SPX,
+1.40%
rising 1.40% to 4,224.79 and the Dow Jones Industrial Average
DJIA,
+1.76%
rising 1.76% to 33,876.97. The stock’s rise snapped a five-day losing streak. International Business Machines Corp. closed $6.19 below its 52-week high ($152.84), which the company reached on June 10th.

The stock outperformed some of its competitors Monday, as Apple Inc.
AAPL,
+1.41%
rose 1.41% to $132.30, Microsoft Corp.
MSFT,
+1.23%
rose 1.23% to $262.63, and Alphabet Inc. Cl A
GOOGL,
+1.42%
rose 1.42% to $2,436.25. Trading volume (4.2 M) remained 883,604 below its 50-day average volume of 5.1 M.

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