International Business Machines Corp. IBM shares are trading lower by $0.90 at $129.41 in Tuesday's session. The company will announce it Q4 earnings after the close.
Although the company has beat analysts estimates for EPS, the Street has been concerned over its declining or stagnant revenues.
In today's session, the issue has made a new 63-month low when it reached $128.67. That bested the former low that was made on Friday at $128.87.
IBM peaked well ahead of the broad market, when it topped out at $215.90 in February 2013. It should be noted that the decline in the issue took place while the company had a huge repurchase program in place that has been added to during its long decline.
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