IBM Up Over 7% After Spin Off Announcement -- Data Talk
October 08 2020 - 9:58AM
Dow Jones News
International Business Machines Corporation (IBM) is currently
at $133.27, up $9.20 or 7.42%
-- Would be highest close since June 8, 2020, when it closed at
$135.75
-- On pace for largest percent increase since April 6, 2020,
when it rose 7.97%
-- IBM plans to spin off its business of managing clients'
information-technology infrastructure, as the 109-year-old tech
pioneer sharpens its focus on the faster-growing cloud-computing
business and artificial intelligence. The company said the
soon-to-be-named company already has relationships with 4,600
clients in 115 countries and operates in what it sees as a $500
billion market opportunity
-- Currently up three of the past four days
-- Currently up two consecutive days; up 9.26% over this
period
-- Best two day stretch since the two days ending March 25,
2020, when it rose 11.69%
-- Up 9.53% month-to-date
-- Down 0.57% year-to-date; on pace for worst year since 2018,
when it fell 25.91%
-- Down 38.24% from its all-time closing high of $215.80 on
March 14, 2013
-- Down 5.57% from 52 weeks ago (Oct. 10, 2019), when it closed
at $141.13
-- Down 14.98% from its 52-week closing high of $156.76 on Feb.
6, 2020
-- Up 40.62% from its 52-week closing low of $94.77 on March 23,
2020
-- Traded as high as $135.50; highest intraday level since June
8, 2020, when it hit $135.88
-- Up 9.21% at today's intraday high; largest intraday percent
increase since March 24, 2020, when it rose as much as 11.89%
-- Best performer in the DJIA today
-- Best performer in the S&P 500 today
-- Fourth most active stock in the S&P 500 today
-- Contributed 60.53 points to the DJIA so far today
All data as of 10:18:08 AM
Source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
October 08, 2020 10:43 ET (14:43 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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