International Business Machines Corp. IBM shares are trading lower by $7 at $121.11 in Wednesday's session. Despite a Q4 EPS beat of $0.02, the Street is focusing on its revenue shortfall.
After a lower open, it found intra-day support at $118 and quickly rallied to $123.20 before falling back to its current level.
That marks the lowest level for the issue since it bottomed in May 2010 at $116.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in