28-Mar-2024
IBM Stock (NYSE:IBM) Is a Sleeping Giant That Could Wake Up
TipRanks (Mon, 25-Mar 3:06 PM ET)
Media Alert: IBM Applauds EU Parliament's Approval of the EU AI Act
PRNewswire (Wed, 13-Mar 7:21 AM ET)
IBM Debit Call Spread Appears to be a Good Buy at $2.62
Market Chameleon (Tue, 12-Mar 12:52 PM ET)
IBM Bull Put Spread for $1.72 is Trading at 26 Cent Premium
Market Chameleon (Tue, 12-Mar 12:45 PM ET)
If IBM Price Stays Inside $193 to $203 Range This Iron Condor Will Yield 48%
Market Chameleon (Tue, 12-Mar 12:27 PM ET)
Usher's New Look Embarks on AI-Focused Collaboration with IBM to Set Students up for Career Success
PRNewswire (Thu, 7-Mar 8:00 AM ET)
PRNewswire (Wed, 6-Mar 8:00 AM ET)
Riyadh Air and IBM Take Further Steps Forward in their Collaboration to Redefine Travel Experiences
PRNewswire (Wed, 6-Mar 7:30 AM ET)
IBM Commits Up To $45M to Climate Adaptation, Starting With New RFP for Resilient Cities
PRNewswire (Wed, 6-Mar 6:00 AM ET)
IBM Debuts New, State-of-the-Art Washington DC Cyber Response Training Facility
PRNewswire (Wed, 6-Mar 5:30 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 March 28, 2024, IBM stock price climbed to $190.96 with 3,155,512 million shares trading.
IBM has a beta of 0.68, meaning it tends to be less sensitive to market movements. IBM has a correlation of 0.19 to the broad based SPY ETF.
IBM has a market cap of $175.06 billion. This is considered a Large Cap stock.
Last quarter International Business Machines reported $17 billion in Revenue and $3.87 earnings per share. This beat revenue expectation by $81 million and exceeded earnings estimates by $.09.
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): VTI, VOO, SPY, IVV, VTV.
IBM has outperformed the market in the last year with a return of +52.8%, while the SPY ETF gained +33.6%. In the last 3 month period, IBM beat the market returning +17.8%, while SPY returned +10.1%. However, in the most recent 2 weeks IBM has underperformed the stock market by returning -2.9%, while SPY returned +1.7%.
IBM support price is $188.42 and resistance is $193.18 (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.