International Business Machines Co. stock price rose by 0.2% during midday trading on Friday, reaching $170.94. The stock saw a decrease in trading volume compared to the average session volume. Wall Street analysts have varying outlooks on IBM, with some lowering price targets and others raising them. The company recently reported its quarterly earnings, beating the consensus estimate. IBM also announced an increase in its quarterly dividend. Institutional investors have made adjustments to their holdings in IBM, with some increasing their stakes. IBM operates through different segments, offering solutions and services worldwide.
In summary, IBM’s stock price rose slightly during trading, with Wall Street analysts giving mixed ratings. The company reported earnings exceeding expectations and announced a dividend increase. Institutional investors have made changes to their holdings in IBM. IBM operates through various segments, providing solutions and services globally.
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