International Business Machines Co. (IBM) saw a 0.7% dip in its stock price on Wednesday, trading at $171.34 after reaching a low of $170.41. The trading volume was significantly lower than usual, with only 462,896 shares changing hands compared to the average volume of 4,564,146 shares. Analyst reports have varied, with some upgrading IBM to a “buy” rating while others have maintained a more neutral stance. The company’s recent earnings report showed positive results, exceeding analysts’ expectations. IBM also announced an increase in its quarterly dividend, providing a yield of 3.91%. Institutional investors have shown interest in IBM, with several hedge funds acquiring new positions in the company. IBM, with a market capitalization of $156.97 billion, operates globally, offering integrated solutions and services in software, consulting, infrastructure, and financing segments.
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https://www.defenseworld.net/2024/06/28/international-business-machines-nyseibm-stock-price-down-0-7.html
