The shares of International Business Machines Corp. they fall. Again.
The tech company, whose shares have steadily declined since peaking in 2013, fell 9.9% on Friday after reporting a drop in sales for each quarter of 2020.
The stock movement places IBM performance among Dow components in a familiar place: at the bottom.
IBM was the single largest blue-chip index drag between rising from 20,000 in January 2017 to 30,000 last November, according to a Dow Jones Market Data analysis. Although the stock market hit numerous records over time, IBM shares fell and dropped 367 points from the Dow.
The trend has persisted ever since, with IBM ranking among the Dow components with the worst performance since the 30000 milestone.