This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of International Business Machines Corp. slid 6.6% to $229.33 on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 2.0% to 5,484.77 and the Dow Jones Industrial Average rising 1.2% to 40,093.40.
The stock's fall snapped a two-day winning streak.
International Business Machines Corp. closed 13.9% short of its 52-week high of $266.45, which the company reached on March 10th.
The stock underperformed when compared to some of its competitors, as Microsoft Corp. rose 3.4% to $387.30, Alphabet Inc. Cl C rose 2.4% to $161.47, and Alphabet Inc. Cl A rose 2.53% to $159.28.
Trading volume totaled 15.3 million, compared to the 50-day average of 5.0 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
April 24, 2025 16:35 ET (20:35 GMT)
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