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Trading Higher: International Business Machines Corporation (IBM) Stock Pops Again, Will It Rise More? – Stocks Herald

International Business Machines Corporation (IBM), a Information Technology Services corporation, was a gaining stock in the prior trading session. International Business Machines Corporation (IBM) shares opened the day for trading at $128.03 and closed the day at $126.27 with increasing move of +0.28%. This increase movement beat the Nasdaq, a tech-heavy index, lose of -1.40% for the prior trading session.

International Business Machines Corporation (IBM) is focused on the Information Technology Services sector. This sector has seen some movement from investors in recent market sessions. Bullish investors of International Business Machines Corporation (IBM) will be looking for positive upcoming earnings whereas bearish investors of International Business Machines Corporation (IBM) will be looking for negative earnings. The last time International Business Machines Corporation (IBM) had an earnings surprise was on Qtr Ending 03/20 when they reported $1.84 compared to an estimate of $1.78 which was a difference of $+0.06 resulting in a change of +3.37%. Current earnings estimates are to be released for Current Qtr 06/2020 on International Business Machines Corporation (IBM) and out of 5 Wall Street estimates the average is saying $2.14. The high estimate is saying $2.49 whereas the low estimate is saying $1.80 and the prior year International Business Machines Corporation (IBM) announced earnings at $3.17 a growth rate est. (year over year) of -32.49%.

The market performance of International Business Machines Corporation (IBM) has varied recently. Year to date International Business Machines Corporation (IBM)’s shares are down -6.06%. Over the past 12 weeks International Business Machines
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