Shares of International Business Machines Corp. IBM, -1.17% slipped 0.40% to $127.13 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, 0.15% rising 0.18% to 4,574.79 and the Dow Jones Industrial Average DJIA, -0.24% rising 0.04% to 35,756.88. This was the stock’s seventh consecutive day of losses. International Business Machines Corp. closed $25.71 below its 52-week high ($152.84), which the company achieved on June 10th.
The stock underperformed when compared to some of its competitors Tuesday, as Apple Inc. AAPL, 0.22% rose 0.46% to $149.32, Microsoft Corp. MSFT, 5.01% rose 0.64% to $310.11, and Alphabet Inc. Cl A GOOGL, 6.20% rose 1.35% to $2,786.17. Trading volume (8.4 M) eclipsed its 50-day average volume of 4.5 M.