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MarketScreener Homepage  >  Equities  >  Nyse  >  International Business Machines Corporation    IBM

INTERNATIONAL BUSINESS MACHINES CORPORATION

(IBM)
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IBM Up Over 7% After Spin Off Announcement -- Data Talk

10/08/2020 | 10:44am EST

International Business Machines Corporation (IBM) is currently at $133.27, up $9.20 or 7.42%

-- Would be highest close since June 8, 2020, when it closed at $135.75

-- On pace for largest percent increase since April 6, 2020, when it rose 7.97%

-- IBM plans to spin off its business of managing clients' information-technology infrastructure, as the 109-year-old tech pioneer sharpens its focus on the faster-growing cloud-computing business and artificial intelligence. The company said the soon-to-be-named company already has relationships with 4,600 clients in 115 countries and operates in what it sees as a $500 billion market opportunity

-- Currently up three of the past four days

-- Currently up two consecutive days; up 9.26% over this period

-- Best two day stretch since the two days ending March 25, 2020, when it rose 11.69%

-- Up 9.53% month-to-date

-- Down 0.57% year-to-date; on pace for worst year since 2018, when it fell 25.91%

-- Down 38.24% from its all-time closing high of $215.80 on March 14, 2013

-- Down 5.57% from 52 weeks ago (Oct. 10, 2019), when it closed at $141.13

-- Down 14.98% from its 52-week closing high of $156.76 on Feb. 6, 2020

-- Up 40.62% from its 52-week closing low of $94.77 on March 23, 2020

-- Traded as high as $135.50; highest intraday level since June 8, 2020, when it hit $135.88

-- Up 9.21% at today's intraday high; largest intraday percent increase since March 24, 2020, when it rose as much as 11.89%

-- Best performer in the DJIA today

-- Best performer in the S&P 500 today

-- Fourth most active stock in the S&P 500 today

-- Contributed 60.53 points to the DJIA so far today

All data as of 10:18:08 AM

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

10-08-20 1043ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 0.13% 29910.37 Delayed Quote.4.67%
INTERNATIONAL BUSINESS MACHINES CORPORATION 0.12% 124.35 Delayed Quote.-7.34%
NASDAQ 100 0.87% 12258.211779 Delayed Quote.39.15%
NASDAQ COMP. 0.92% 12205.846315 Delayed Quote.34.79%
S&P 500 0.24% 3638.35 Delayed Quote.12.35%
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11/20ADOBE : Latest Federal Court Cases, 10/26/20
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11/19INTERNATIONAL BUSINESS MACHINES : Sandvik - Digital technology on the cutting ed..
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11/19NAGASE : to Launch SaaS Service Powered by TABRASA New Material Search Platform
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11/19IBM : Announces New Collar Apprenticeship Accelerator for IBM : Z
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11/19INTERNATIONAL BUSINESS MACHINES : IBM to Acquire Instana as Company Continues to..
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11/19INTERNATIONAL BUSINESS MACHINES : IBM Makes Education & Hiring More Inclusive Wo..
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More news
Financials (USD)
Sales 2020 73 927 M - -
Net income 2020 5 417 M - -
Net Debt 2020 50 627 M - -
P/E ratio 2020 20,6x
Yield 2020 5,22%
Capitalization 111 B 111 B -
EV / Sales 2020 2,18x
EV / Sales 2021 2,12x
Nbr of Employees 352 600
Free-Float 39,7%
Chart INTERNATIONAL BUSINESS MACHINES CORPORATION
Duration : Period :
International Business Machines Corporation Technical Analysis Chart | IBM | US4592001014 | MarketScreener
Technical analysis trends INTERNATIONAL BUSINESS MACHINES CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 137,50 $
Last Close Price 124,35 $
Spread / Highest target 28,7%
Spread / Average Target 10,6%
Spread / Lowest Target -5,91%
EPS Revisions
Managers
NameTitle
Arvind Krishna Chief Executive Officer & Director
James M. Whitehurst President, Head-Strategy, Cloud & Cognitive
Virginia M. Rometty Executive Chairman
James J. Kavanaugh Chief Financial Officer & Senior Vice President
Juan Antonio Zufiria Senior VP-IBM Global Technology Services
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