Market Overview

IBM At 68-Month Low After Q4 Report

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International Business Machines Corp. (NYSE: 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.

 

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