Why IBM Stock Is Plummeting Today
(NYSE: IBM) stock is moving lower on Thursday despite the company posting better-than-expected quarterly results. The tech stalwart's share price was down 8% as of 11:15 a.m. ET. Shares had been down as much as 10.1% near the start of today's trading.
IBM published its second-quarter results after the market closed yesterday, and actually delivered results that came in significantly better than Wall Street had anticipated. The company also raised its full-year guidance for free cash flow (FCF), but softness in the company's Q2 software numbers is causing investors to move out of the stock.
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Source Fool.com
International Business Machines Corp Stock
€227.10
2.740%
The stock is one of the favorites of our community with 28 Buy predictions and 4 Sell predictions.
With a target price of 249 € there is a slightly positive potential of 9.64% for International Business Machines Corp compared to the current price of 227.1 €.
