IBM on Pace for Largest Percent Decrease Since October 2018 -- Data Talk
17 Oktober 2019 - 05:25PM
Dow Jones News
International Business Machines Corporation (IBM) is currently
at $133.78, down $8.33 or 5.86%
-- Would be lowest close since Aug. 28, 2019, when it closed at
$132.76
-- On pace for largest percent decrease since Oct. 17, 2018,
when it fell 7.63%
-- Earlier Thursday, Nomura cut its price target on IBM to
$170.00/share from $175.00 per share, Benzinga reported. Three
other firms also cut their price target on IBM, Benzinga
reported
-- On Wednesday, IBM reported third-quarter revenue of $18
billion, down from $18.8 billion in the year-ago quarter. FactSet
consensus was for $18.2 billion
-- Currently down three of the past four days
-- Currently down two consecutive days; down 6.45% over this
period
-- Worst two day stretch since the two days ending Oct. 30,
2018, when it fell 7.52%
-- Down 8% month-to-date
-- Up 17.69% year-to-date; on pace for best year since 2016,
when it rose 20.61%
-- Down 38.01% from its all-time closing high of $215.80 on
March 14, 2013
-- Down 11.61% from its 52-week closing high of $151.36 on July
26, 2019
-- Traded as low as $132.91; lowest intraday level since Aug.
28, 2019, when it hit $130.04
-- Down 6.47% at today's intraday low; largest intraday percent
decrease since Oct. 17, 2018, when it fell as much as 8.06%
-- Worst performer in the DJIA today
-- Worst performer in the S&P 500 today
-- Fifth most active stock in the S&P 500 today
-- Subtracted 56.48 points from the DJIA so far today
All data as of 10:43:10 AM
Source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
October 17, 2019 11:10 ET (15:10 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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