IBM Ends Down 7.6%, Largest Percent Decrease Since April 2013 -- Data Talk
18 October 2018 - 8:05AM
Dow Jones News
International Business Machines Corporation (IBM) closed at
$134.05, down $11.07 or 7.6%.
-- Lowest close since Feb. 29, 2016, when it closed at
$131.03
-- Largest percent decrease since April 19, 2013, when it fell
8.3%
-- On Tuesday, IBM reported that third-quarter profit fell 1.2%
to $2.69 billion. Excluding some acquisition-related and
retirement-benefit charges, IBM posted earnings of $3.42 a share.
Analysts expected adjusted profit of $3.40 a share.
-- Earlier Wednesday, IBM's price target was cut to $140 a share
from $152 a share by Cantor Fitzgerald, and to $164 a share from
$172 a share by BMO Capital, Benzinga reported.
-- Down 12.63% year-to-date; on pace for worst year since 2015
when it fell 14.22%
-- Down 15.97% from 52 weeks ago (October 18, 2017), when it
closed at $159.53
-- Down 20.74% from its 52-week closing high of $169.12 on Jan.
18, 2018
-- New 52-week closing low
-- Traded as low as $133.42; lowest intraday level since March
2, 2016, when it reached $133.22
-- Down 8.06% at today's intraday low; largest intraday percent
decrease since Oct. 20, 2014, when it fell as much as 8.44%
-- Today's preliminary volume is 18.9 million shares, highest
since Sept. 21, 2018, when 19.9 million shares were traded
-- Worst performer in the DJIA on Wednesday
-- Worst performer in the S&P 500 on Wednesday
-- Subtracted 75.06 points from the DJIA on Wednesday
Source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
October 17, 2018 16:50 ET (20:50 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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