International Business Machines Corporation (NYSE:IBM) is struggling to gain traction with investors, as evidenced by its 6.47 million shares volume. The daily trading volume average remained 4.58 million shares over the course of 3 months. The stock had opened the regular trading at $153.65 and managed a 0.27% price change to reach $153.97 through the close.International Business Machines Corporation (IBM) Analyst Opinion
International Business Machines Corporation has a consensus hold rating from 27 Wall Street analysts, and the number of shares currently sold short amount to at least 1.66% of shares outstanding. The stock sank -0.06% last month and is down -7.24 this year. Wall Street is only getting more bullish on the stock, with 8 of analysts who cover IBM having a buy-equivalent rating. Analysts have placed a $163.74 price target on International Business Machines Corporation, suggesting a 6.35% gain from recent close. It’s currently trading about -15.77% below its 52-week high.International Business Machines Corporation Earnings Surprise
International Business Machines Corporation (IBM) surprised the stock market in its last reported earnings when it earned $3.3 a piece versus the consensus-estimated $3.28. Its revenue totaled $18.6 billion down -3.58% from the previous quarter.
This stock (IBM) is ahead of its 52-week low with 10.67%. Its last month’s stock price volatility remained 0.75% which for the week stands at 0.98%. The share price has moved forward from its 20 days moving average, trading at a distance of 2.01% and stays 2.44% away from its 50 days moving average. Over the last five days, shares have managed 1.45% gains and now is down -1.16% since hitting its 200-day moving average of $149.22. International Business Machines Corporation (IBM) has made its way to a 12-month decline of -5.09%.
Turning to United Parcel Service, Inc. (NYSE:UPS), its shares were trading at $121.45 a gain of $2.41, on the trading floor. The stock, after opening at $119.04, touched a high of $122 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.7. United Parcel Service, Inc. has 4 buy ratings, 19 holds and 1 sells even after the stock tumbled -0.25% from its high of $121.75 to a $105.24 billion market value through last close.United Parcel Service, Inc. (UPS) Consensus Price Target
The company’s consensus rating on Reuter’s scale slipped from 2.77 to 2.74 during a month. Analysts set a 12-month price target of $121.74 a share. The target implies a 0.24% spike from where the shares are currently trading. Also, the current price highlights a discount of 21.86% to analysts’ high consensus price target.United Parcel Service, Inc. (NYSE:UPS) Intraday Trading
The counter witnessed a trading volume of 5.51 million shares versus an average volume of 2.43 million shares during last trading session. Its last month’s stock price volatility remained 1.81% which for the week approaches 1.35%. The lowest price the stock reached in the last trading day was $119.025 and compares with the $102.12 52-week low. The stock recovered 18.93% since its low point and has performed 5.94% year-to-date.