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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 350,000 people. The company has a robust roster of 80,000 business partners to service 5,200 clients, which includes 95% of all Fortune 500. While IBM is a B2B company, IBM's outward impact is substantial. For example, IBM manages 90% of all credit card transactions globally and is responsible for 50% of all wireless connections in the world.
International Business Machines trades on the NYSE stock market under the symbol IBM.
As of January 14, 2025, IBM stock price climbed to $217.75 with 2,998,992 million shares trading.
IBM has a beta of 0.72, meaning it tends to be less sensitive to market movements. IBM has a correlation of 0.14 to the broad based SPY ETF.
IBM has a market cap of $201.34 billion. This is considered a Mega Cap stock.
Last quarter International Business Machines reported $15 billion in Revenue and $2.30 earnings per share. This fell short of revenue expectation by $-102 million and exceeded earnings estimates by $.07.
In the last 3 years, IBM traded as high as $239.35 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 +35.4%, while the SPY ETF gained +23.6%. However, in the most recent history, IBM shares have underperformed the stock market with its stock returning -5.9% in the last 3 month period and -1.1% for the last 2 week period, while SPY has returned +0.8% and -1.0%, respectively.
IBM support price is $214.52 and resistance is $220.28 (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.