Is IBM Common Stock (IBM) a Stock to Watch After Gaining 11.50% This Week?

Overall market sentiment has been high on IBM Common Stock (IBM) stock lately. IBM receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

IBM Common Stock has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on IBM!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With IBM Stock Today?

IBM Common Stock (IBM) stock is higher by 1.68% while the S&P 500 has fallen -0.16% as of 12:23 PM on Thursday, Apr 21. IBM is higher by $2.33 from the previous closing price of $138.32 on volume of 4,316,871 shares. Over the past year the S&P 500 has gained 7.68% while IBM is higher by 6.58%. IBM earned $6.09 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 23.2. To see InvestorsObserver's Sentiment Score for IBM Common Stock click here.

More About IBM Common Stock

IBM looks to be a part of every aspect of an enterprise's IT needs. The company primarily sells software, IT services, consulting, and hardware. IBM operates in 175 countries and employs approximately 350,000 people. The company has a robust roster of 80,000 business partners to service 5,200 clients--which includes 95% of all Fortune 500. While IBM is a B2B company, IBM's outward impact is substantial. For example, IBM manages 90% of all credit card transactions globally and is responsible for 50% of all wireless connections in the world. Click Here to get the full Stock Report for IBM Common Stock stock.