International Business Machines Corp. stock rises Monday, outperforms market

International Business Machines Corp. stock rises Monday, outperforms market

Shares of International Business Machines Corp. IBM, +0.10% inched 0.10% higher to $132.61 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, +0.09% rising 0.09% to 32,832.54 and the S&P 500 Index SPX, -0.12% falling 0.12% to 4,140.06. This was the stock’s second consecutive day of gains. International Business Machines Corp. closed $12.12 short of its 52-week high ($144.73), which the company achieved on June 6th.

The stock outperformed some of its competitors Monday, as Apple Inc. AAPL, -0.29% fell 0.29% to $164.87, Microsoft Corp. MSFT, -0.92% fell 0.92% to $280.32, and Alphabet Inc. Cl A GOOGL, -0.14% fell 0.14% to $117.30. Trading volume (3.8 M) remained 1.6 million below its 50-day average volume of 5.5 M.

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