Stock International Business Machines Corp. decreases. Again.
The technology company, whose shares fell steadily from the top in 2013, fell 9.9% on Friday after reporting a drop in sales for each quarter of 2020.
The stock movement puts IBM’s performance among Dow components in a familiar place: at the bottom.
IBM was the biggest attraction of the blue-chip index between its rise from 20,000 in January 2017 to 30,000 in November last year, according to an analysis by Dow Jones Market Data. Although the stock market rose to numerous records during this time, IBM shares fell, down 367 points from the Dow.
The trend has persisted since then, with IBM ranking among the poorest performing Dow components since the 30,000 stage.