International Business Machines Corporation (IBM) Shares are Down -1.07%

International Business Machines Corporation (IBM) : During the past 4 weeks, traders have been relatively bearish on International Business Machines Corporation (IBM), hence the stock is down -1.22% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.42% relative to the S&P 500. The 4-week change in the price of the stock is -1.43% and the stock has fallen -1.07% in the past 1 week.

Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 1.48% and the fifty day Moving Average is 1.05%. International Business Machines Corporation is up 4.48% in the last three month period. Year-to-Date the stock performance stands at 18.35%.

International Business Machines Corporation (IBM) : 15 Wall Street analysts covering International Business Machines Corporation (IBM) believe that the average level the stock could reach for the short term is $155.2. The maximum price target given is $186 and the minimum target for short term is around $110, hence the standard deviation is calculated at $22.09.


International Business Machines Corporation (NYSE:IBM): On Fridays trading session , Opening price of the stock was $158.88 with an intraday high of $160.44. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $157.85. However, the stock managed to close at $158.32, a loss of 0.20% for the day. On the previous day, the stock had closed at $158.63. The total traded volume of the day was 2,498,909 shares.

International Business Machines Corporation is a technology company. The Company operates in five business segments: Global Technology Services (GTS), which includes Strategic Outsourcing, Integrated Technology Services, Cloud and Technology Support Services, and also provides information technology (IT) infrastructure and business process services; Global Business Services (GBS), which offers its services across Consulting and Systems Integration, Global Process Services and Application Management Services; Software, which consists of middleware and operating systems software; Systems and Technology (STG), which provides infrastructure technologies, and Global Financing, which provides financing solutions for products or services that are critical to the end users business operations. Its IBM Watson Health Cloud platform collects clinical, research and social data from a range of health sources and creates a cloud-based data sharing hub.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.