Should I Buy International Business Machines Corp. (IBM) stock as it soared to $119.65 today? Is it best stock to buy?

Latest price action

International Business Machines Corp. (IBM) soared on 2:27:56 PM. Its latest stock price is $119.65 indicating change of 2.32%.

Latest volume

About 3,187,844 shares exchanged hands on 2:27:56 PM for International Business Machines Corp. (IBM), compared with an average daily volume of 6,255,583 shares.

Daily price range

After opening the trading day at $117.43, shares of International Business Machines Corp. traded within a range of $117.27 to $120.25.

52 weeks price range

In the last 52 weeks, shares of International Business Machines Corp. has gone down to $90.56 marking it 52 week low and gone up at $158.75 indicating it 52 week high. Its year till date change is -11.33%.

P/E ratio

Shares of International Business Machines Corp. is currently trading at $119.65 indicating P/E ratio of 13.45 .

More Financial Data

Coming soon to help you decide International Business Machines Corp. (IBM) stock trading!

About International Business Machines Corp.

International Business Machines Corp. is an information technology company, which provides integrated solutions that leverage information technology and knowledge of business processes. It operates through the following segments: Cloud & Cognitive Software, Global Business Services, Global Technology Services, Systems, and Global Financing. The Cloud & Cognitive Software segment provides integrated and secure cloud, data and solutions to the clients. The Global Business Services segment provides clients with consulting, application management and global process services. The Global Technology Services segment provides comprehensive IT infrastructure and platform services that create business value for clients. The Systems segment provides clients with innovative infrastructure platforms to help meet the requirements of hybrid cloud and enterprise AI workload. The Global Financing segment encompasses two primary businesses: financing, primarily conducted through IBM Credit LLC, and remanufacturing and remarketing. The company was founded by Charles Ranlett Flint and Thomas J. Watson Sr. on June 16, 1911 and is headquartered in Armonk, NY.

Recent IBM News

Mon Nov 23 14:14:25 UTC 2020

OpenPR: Big Boom in Healthcare Clinical Analytics Market 2020-2027 Growth Influencer Trends Along with Key Players Allscripts Healthcare solutions, Inc., Cerner, IBM, McKesson corporation More.

Healthcare Clinical Analytics Market is a comprehensive report on the global market provides in-depth insight into the industry covering all the important parameters and analyzes that provide qualitative insight into the factors that affect Global Healthcare Clinical Analytics Market growth. [more....]

Mon Nov 23 12:47:25 UTC 2020

OpenPR: Best Comprehensive Report on Software & System Modeling Tools Market 2020-2027 | Altia, DiSTI, No Magic, ETAS, DSpace, Elektrobit, Vitech, ESCRYPT, International Business Machines

A professional survey done by HealthCare Intelligence Markets has formulated a report titled ?Software & System Modeling Tools Market?, which instils a crisp idea of the influential aspects affecting the growth of the market. It gives the new entrants a [more....]

Mon Nov 23 10:32:08 UTC 2020

OpenPR: Healthcare BPO Services Market Next Big Thing : Major Giants ? IBM, Accenture, WNS (Holdings) Ltd., HCL Technologies Limited., Invensis Technologies

According to The Insight Partners market research study titled ?Healthcare BPO services Market to 2025 ? Global Analysis and Forecasts by Payer Service, Provider Service and Pharmaceutical Service?. The global healthcare BPO services market is expected to reach US$ 416,431.8 Mn [more....]

Mon Nov 23 08:04:01 UTC 2020

OpenPR: Smart Learning Management System Market Next Big Thing | Major Giants Microsoft, Blackboard, IBM

Latest released the research study on Global Smart Learning Management System Market, offers a detailed overview of the factors influencing the global business scope. Smart Learning Management System Market research report shows the latest market insights, current situation analysis with [more....]

Sun Nov 22 21:43:57 UTC 2020

Economic Times India: Blackstone mulls Mphasis exit as stock up 3x in 4 years

The world?s largest PE fund Blackstone is weighing its exit from Mphasis, the technology company it acquired from Hewlett Packard Enterprise in 2016, thereby paving the way for its biggest payday in India, according to multiple people aware. Blackstone has initiated discussions with at least three global investment banks JP Morgan, Morgan Stanley and Citi for a sell side advisory mandate while KPMG has already begun vendor diligence, added the sources mentioned above as the PE fund looks to leverage the rally in technology stocks as offshoring and digitisation of businesses gathered momentum during the ongoing pandemic. The Mphasis stock is up 45% in the last 1 year and 205% (3X) since Blackstone bought a controlling stake in the company in the summer 2016. Currently it owns 56.16% of the Bangalore based company. Earlier this April, it had bulked up its shareholding picking up an additional 4.01% stake after bringing down the stake to 52% in 2018. The current market cap of Mphasis is Rs 24,557.34 crore. [more....]

Sat Nov 21 19:49:50 UTC 2020

New York Times: 52 Years Later, IBM Apologizes for Firing Transgender Woman

Lynn Conway was one of the company?s most promising young computer engineers but after confiding to supervisors that she was transgender, they fired her. [more....]

Sat Nov 21 18:40:00 UTC 2020

Zero Hedge: The Tech Monopolies Go Vertical

The Tech Monopolies Go Vertical Tyler Durden Sat, 11/21/2020 - 13:40 Via Mule's Musing substack, Everyone loves to talk about tech monopolies. Their acquisition spree and obvious market power in a world with no distribution cost is likely better discussed in the DOJ recommendation or at the venerable Ben Thompson?s Stratechery . Instead, I want to talk about some good ole fashioned monopolizing. And that?s vertical integration via going down the technology stack into hardware. I want to discuss why now, why does it matter, and how is each of the large platforms positioned. Moore?s Void The phrase ?Owe the bank 500 dollars, that is your problem. Owe the bank 500 million ? that is the bank?s problem.? is something that comes to mind for some of the tech monopolies right now. There is a shifting relationship between the largest software companies in the world and their suppliers, and as the leading software companies have become ever-larger portions of the compute pie, it?s kind of become the problem of the tech companies, and not the semiconductor companies that service them to push forward the natural limits of hardware. [more....]

Sat Nov 21 17:50:46 UTC 2020

OpenPR: Robotization Market Size and Forecast (2020-2027)- IBM, SAP and Microsoft, UiPath, Automation Anywhere, WinAutomation, Blue Prism, PEGA, WorkFusion

The Global Robotization for Covid-19 2020 Market Research Report is a professional and in-depth study on the current state of Robotization for Covid-19 Market. This report studies the Robotization for Covid-19 market with many aspects of the industry like the market [more....]

Sat Nov 21 14:15:00 UTC 2020

Business Insider: Nvidia, AMD and Intel are leading an unprecedented $100 billion wave of acquisitions as the cloud and AI change the chip market: 'The biggest year for consolidation ever; (INTC, AMD, NVDA)

Summary List Placement Big merger deals, once rare in the semiconductor industry, have been accelerating as chip giants jockey for position in a rapidly shifting market. And the buying spree has picked up steam in the last few months with back-to-back deals worth $100 billion in total. Over the past few years, major chip makers, led by Nvidia, AMD and Intel, have been on a buying spree, gobbling up or making bold, even surprising, bids for companies, including startups and longtime industry players. "The semiconductor industry has been on fire this year," Charles Wuischpard, CEO of chip startup Ayar Labs, which just raised $35 million in venture capital funding, told Business Insider. "Lots of transactions." Bernstein Research analyst Stacy Rasgon said the M&A wave started around 2014-2015. But "this would be the biggest year for consolidation," he told Business Insider. The big chip M&A deals over the past seven months include: In April, Nvidia acquired networking chip and equipment maker Mellanox for $7 billion. [more....]

Sat Nov 21 13:45:00 UTC 2020

Business Insider: Semiconductor salaries revealed: Here's how much Nvidia, Intel, AMD, and Micron pay engineers, data scientists, directors, and more (INTC, NVDA, AMD, MU)

Summary List Placement The semiconductor industry has been growing rapidly as the rise of technologies like cloud computing and artificial intelligence spark stronger demand for more powerful computer processors. Intel, the world's biggest chipmaker, is facing stiffer competition from rivals led by AMD and Nvidia, which are challenging its dominance in the lucrative data center chip market and outpacing the Silicon Valley giant in AI. Memory chip giant Micron has also benefitted from strong demand for memory processors. The competition has also led to heightened competition for talent, especially in hardware and software engineering and artificial intelligence. Big chip companies have been looking overseas to fill key roles through the H-1B visa program. Business Insider analyzed the US Office of Foreign Labor Certification's 2020 disclosure data for permanent and temporary foreign workers to find out what four major semiconductor giants ? Nvidia, Intel, AMD, and Micron ? have paid recent new hires. [more....]


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