$ IBM- International Business Machines Corp. last closed at 130.09- Bullish (long term)
International Business Machines Corporation (commonly referred to as IBM) is an American multinational technology and consulting corporation, with headquarters in Armonk, New York. IBM manufactures and markets computer hardware, middleware and software, and offers infrastructure, hosting and consulting services in areas ranging from mainframe computers to nanotechnology.
IBM’s stock price has been trading 2.12% lower on the day’s trading after gaining a day’s high of $138.88. There has been a drop in the share prices as global ques remain the major factor for market volatility. IBM was ranked #1 hybrid cloud provider by synergy research and is looking forward towards the new partnership between IBM and North American International Auto Show. Investors and analysts are quite optimistic on the company’s stock price and believe that the prices will bounce back in the near future for the giant manufacturer.