What's Going On With IBM Stock Monday


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


International Business Machines Corp (NYSE:IBM) shares traded higher Monday after it inked a deal with Vista Equity Partners to purchase Apptio Inc for $4.6 billion.

Apptio is a leader in financial and operational IT management and optimization (FinOps) software.

The acquisition will accelerate the advancement of IBM's IT automation capabilities and enable enterprise leaders to deliver enhanced business value across technology investments.

Apptio and IBM's IT automation software and Watsonx AI platform will help businesses worldwide manage and optimize enterprise IT spending and derive tangible financial value and operational improvement.

Apptio is an established, growing, and profitable technology business management and FinOps leader with over 1,500 clients, serving over half of the Fortune 100.

Apptio empowers enterprise leaders to manage technology spending and direct investments to high-value cloud innovation and digital transformation. 

IBM held $17.6 billion in cash and equivalents as of March 31.

Price Action: IBM shares traded higher by 0.97% at $130.69 on the last check Monday.


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: M&ANewsTechBriefs