Shares of International Business Machines Corp. IBM, +3.79% advanced 3.79% to $138.16 Tuesday, on what proved to
Shares of International Business Machines Corp.
advanced 3.79% to $138.16 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index
falling 0.68% to 4,134.94 and Dow Jones Industrial Average
falling 0.75% to 33,821.30. International Business Machines Corp. hit a new 52-week high, surpassing its previous peak of $137.07, which the company achieved on March 29th.
The stock outperformed some of its competitors Tuesday, as Apple Inc.
fell 1.28% to $133.11, Microsoft Corp.
fell 0.19% to $258.26, and Alphabet Inc. Cl A
fell 0.47% to $2,279.01. Trading volume (15.5 M) eclipsed its 50-day average volume of 5.3 M.