IBM stock sheds 1.44% and underperforms in stronger market session
Updated
Updated · MarketWatch · May 6
IBM stock sheds 1.44% and underperforms in stronger market session
10 articles · Updated · MarketWatch · May 6
Shares closed at $225.74 on Wednesday as the S&P 500 rose 1.46% to 7,365.12 and the Dow gained 1.24% to 49,910.59.
It was IBM's third straight daily loss, leaving the stock 30.52% below its 52-week high of $324.90 reached on 12 November.
IBM lagged major peers including Microsoft and Alphabet, which rose on the day, while trading volume of 7.6 million topped its 50-day average of 6.1 million.
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