International Business Machines Corp. Stock Outperforms Competitors On Strong Trading Day
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International Business Machines Corp. (IBM) shares rose 2.47% to $245.28 on a challenging trading day for the market, where the S&P 500 fell 0.94% and the Dow Jones dropped 0.83%. This increase ended a two-day losing streak for IBM, which remains 24.51% below its 52-week high of $324.90. IBM outperformed competitors like Microsoft, which rose 1.35%, while Alphabet's stocks fell. Trading volume for IBM was 6.8 million, surpassing its 50-day average of 5.6 million.
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