IBM, Microsoft Forge Cybersecurity Alliance
TipRanks (Tue, 2-Jul 4:29 AM ET)
Bernstein Sticks to Their Hold Rating for International Business Machines (IBM)
TipRanks (Tue, 2-Jul 3:56 AM ET)
IBM Consulting and Microsoft announce strengthened cybersecurity collaboration
Seeking Alpha News (Mon, 1-Jul 4:07 PM ET)
PRNewswire (Mon, 1-Jul 4:00 PM ET)
PRNewswire (Mon, 1-Jul 2:30 PM ET)
Kyndryl rises after Oppenheimer initiates with Outperform
Seeking Alpha News (Thu, 27-Jun 12:04 PM ET)
Crdit Mutuel Alliance Fdrale accelerates deployment of generative AI in collaboration with IBM
PRNewswire (Thu, 27-Jun 3:00 AM ET)
PRNewswire (Wed, 26-Jun 12:01 AM ET)
IBM Bullish Calendar Call Spread Looks Cheap at 65 Cents
Market Chameleon (Mon, 24-Jun 12:36 PM ET)
WPP and IBM Team Up to Revolutionize Business-to-Business Marketing with Generative AI
PRNewswire (Wed, 19-Jun 3:30 AM ET)
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 July 2, 2024, IBM stock price climbed to $176.56 with 964,808 million shares trading.
IBM has a beta of 0.36, meaning it tends to be less sensitive to market movements. IBM has a correlation of 0.05 to the broad based SPY ETF.
IBM has a market cap of $161.86 billion. This is considered a Large Cap stock.
Last quarter International Business Machines reported $14 billion in Revenue and $1.68 earnings per share. This fell short of revenue expectation by $-88 million and exceeded earnings estimates by $.08.
In the last 3 years, IBM stock traded as high as $199.18 and as low as $114.56.
The top ETF exchange traded funds that IBM belongs to (by Net Assets): RAYD, VTI, VOO, SPY, IVV.
IBM has outperformed the market in the last year with a price return of +36.9% while the SPY ETF gained +24.9%. However, in the short term, IBM had mixed performance relative to the market. It has underperformed in the last 3 months, returning -6.1% vs +5.0% return in SPY. But in the last 2 weeks, IBM shares have fared better than the market returning +4.2% compared to SPY +0.2%.
IBM support price is $173.07 and resistance is $177.13 (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 stock will trade within this expected range on the day.