International Business Machines Corp. stock underperforms Monday when compared to competitors despite daily gains

Posted on AllSides November 6th, 2023
From The Center

Shares of International Business Machines Corp. IBM, inched 0.72% higher to $148.97 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, rising 0.18% to 4,365.98 and the Dow Jones Industrial Average DJIA, rising 0.10% to 34,095.86. This was the stock's sixth consecutive day of gains. International Business Machines Corp. closed $4.24 below its 52-week high ($153.21), which the company reached on December 13th. The stock underperformed when compared to some of its competitors Monday, as Microsoft Corp. MSFT,...

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