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 -1.89% 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 -1.71% relative to the S&P 500. The 4-week change in the price of the stock is -3.87% and the stock has fallen -1.19% in the past 1 week.
The stock has recorded a 20-day Moving Average of 3.1% and the 50-Day Moving Average is 3.33%.The 200 Day SMA reached 6.84% International Business Machines Corporation is up 2.09% in the last 3-month period. Year-to-Date the stock performance stands at 15%.
International Business Machines Corporation (IBM) : The highest level International Business Machines Corporation (IBM) is projected to reach is $186 for the short term and the lowest estimate is at $107. The consolidated price target from 15 rating analysts who initiate coverage on the stock is $156.8 and the possibility the share price can swing is $21.9.
Company shares have received an average consensus rating of Hold for the current week International Business Machines Corporation (NYSE:IBM): stock was range-bound between the intraday low of $153.47 and the intraday high of $155.4 after having opened at $155.04 on Fridays session. The stock finally closed in the red at $155.04, a loss of -1.17%. The stock remained in the red for the whole trading day. The total traded volume was 6,463,644 shares. The stock failed to cross $155.4 in Fridays trading. The stocks closing price on Thursday was $155.66.
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.