International Business Machines Corporation (IBM) : During the past 4 weeks, traders have been relatively bearish on International Business Machines Corporation (IBM), hence the stock is down -1.63% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.15% relative to the S&P 500. The 4-week change in the price of the stock is -1.25% and the stock has fallen -1.18% in the past 1 week.
International Business Machines Corporation is up 9.62% in the last 3-month period. Year-to-Date the stock performance stands at 19.64%. The stock has recorded a 20-day Moving Average of 0.56% and the 50-Day Moving Average is 2.74%.
International Business Machines Corporation (NYSE:IBM): The stock opened at $160.84 on Friday but the bulls could not build on the opening and the stock topped out at $160.91 for the day. The stock traded down to $159.52 during the day, due to lack of any buying support eventually closed down at $160.04 with a loss of -0.82% for the day. The stock had closed at $161.36 on the previous day. The total traded volume was 2,815,184 shares.
Also, Oppenheimer initiates coverage on International Business Machines Corporation (NYSE:IBM). Oppenheimer has a Perform rating on the shares. The rating by the firm was issued on August 16, 2016.
International Business Machines Corporation is a technology company. The Company operates in five business segments: Global Technology Services (GTS), which includes Strategic Outsourcing, Integrated Technology Services, Cloud and Technology Support Services, and also provides information technology (IT) infrastructure and business process services; Global Business Services (GBS), which offers its services across Consulting and Systems Integration, Global Process Services and Application Management Services; Software, which consists of middleware and operating systems software; Systems and Technology (STG), which provides infrastructure technologies, and Global Financing, which provides financing solutions for products or services that are critical to the end users business operations. Its IBM Watson Health Cloud platform collects clinical, research and social data from a range of health sources and creates a cloud-based data sharing hub.