Previous Close | 32.82 |
Open | 32.71 |
Bid | 32.62 x 4900 |
Ask | 35.34 x 200 |
Day's Range | 32.66 - 32.77 |
52 Week Range | 18.91 - 36.39 |
Volume | |
Avg. Volume | 3,513,514 |
Market Cap | 6.518B |
Beta (5Y Monthly) | 1.42 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -0.98 |
Earnings Date | Jun 07, 2024 - Jun 11, 2024 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 33.60 |
IBM (IBM) shares are falling in Thursday's pre-market trading session, marking their worst single-day decline since 2021. This plunge comes in the wake of the company's first-quarter results, which fell short of revenue estimates. Morning Brief anchors Seana Smith and Brad Smith discuss the report, shedding light on IBM's potential acquisition of cloud service provider HashiCorp (HCP). For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected U.S. economic growth and persistent inflation, coupled with a sell-off in large cap stocks triggered by disappointing results from Meta Platforms. Three other Magnificent Seven stocks, including Alphabet, Amazon.com and Microsoft, finished lower. However, shares of Alphabet and Microsoft were advancing in extended hours trading after both companies reported quarterly results that beat Wall Street estimates.
IBM stock slipped after the computing giant reported first quarter earnings ahead of expectations, with sales slightly below.