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IBM looks to be a part of every aspect of an enterprise's IT needs. The company primarily sells software, IT services, consulting, and hardware. IBM operates in 175 countries and employs approximately 300,000 people. The company has a robust roster of business partners to service its clients, which include 95% of all Fortune 500 companies. Primary products include its mainframes, Red Hat software, transaction processing software, and IT consulting.
International Business Machines trades on the NYSE stock market under the symbol IBM.
As of April 1, 2025, IBM stock price climbed to $250.34 with 3,352,365 million shares trading.
IBM has a beta of 0.59, meaning it tends to be less sensitive to market movements. IBM has a correlation of 0.09 to the broad based SPY ETF.
IBM has a market cap of $232.13 billion. This is considered a Mega Cap stock.
Last quarter International Business Machines reported $18 billion in Revenue and $3.92 earnings per share. This beat revenue expectation by $13 million and exceeded earnings estimates by $.17.
In the last 3 years, IBM traded as high as $266.45 and as low as $115.55.
The top ETF exchange traded funds that IBM belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.
IBM has outperformed the market in the last year with a return of +34.6%, while the SPY ETF gained +8.6%. In the last 3 month period, IBM beat the market returning +14.6%, while SPY returned -4.0%. However, in the most recent 2 weeks IBM has underperformed the stock market by returning -1.0%, while SPY returned -0.8%.
IBM support price is $243.92 and resistance is $253.40 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IBM shares will trade within this expected range on the day.