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OFFON

INTERNATIONAL BUSINESS MACHINES CORPORATION

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

10/08/2020 | 10:44am EDT

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 -1.58% 33290.08 Delayed Quote.11.20%
INTERNATIONAL BUSINESS MACHINES CORPORATION -1.70% 143.12 Delayed Quote.15.67%
NASDAQ 100 -0.81% 14049.584838 Delayed Quote.9.90%
NASDAQ COMP. -0.92% 14030.375849 Delayed Quote.9.88%
S&P 500 -1.31% 4166.45 Delayed Quote.12.40%
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Financials (USD)
Sales 2021 74 392 M - -
Net income 2021 7 505 M - -
Net Debt 2021 48 935 M - -
P/E ratio 2021 17,3x
Yield 2021 4,60%
Capitalization 130 B 130 B -
EV / Sales 2021 2,41x
EV / Sales 2022 2,31x
Nbr of Employees 345 900
Free-Float 39,8%
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
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Average target price 143,32 $
Last Close Price 145,60 $
Spread / Highest target 20,2%
Spread / Average Target -1,56%
Spread / Lowest Target -16,9%
EPS Revisions
Managers and Directors
NameTitle
Arvind Krishna Chairman & Chief Executive Officer
James M. Whitehurst President, Head-Strategy, Cloud & Cognitive
James J. Kavanaugh Chief Financial Officer & Senior VP-Operations
Juan Antonio Zufiria Senior VP-Global Technology Services
Kathryn W. Guarini Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
INTERNATIONAL BUSINESS MACHINES CORPORATION15.67%130 097
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INFOSYS LIMITED19.07%85 535
AUTOMATIC DATA PROCESSING, INC.11.94%84 040
SNOWFLAKE INC.-12.75%72 708