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Why IBM Stock Gained 6.2% in 2021

TheMotleyFool

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Shares of International Business Machines (NYSE: IBM) climbed 6.2% across 2021's trading, according to data from S&P Global Market Intelligence. The tech stock gained ground thanks to positive momentum in the broader market and hopes that Big Blue is better positioned for long-term success after spinning off Kyndryl (NYSE: KD), which houses its former information technology services segment.