IBM on Pace for Largest Percent Decrease Since October 2018 -- Data Talk

International Business Machines Corporation (IBM) is currently at $133.78, down $8.33 or 5.86%

-- Would be lowest close since Aug. 28, 2019, when it closed at $132.76

-- On pace for largest percent decrease since Oct. 17, 2018, when it fell 7.63%

-- Earlier Thursday, Nomura cut its price target on IBM to $170.00/share from $175.00 per share, Benzinga reported. Three other firms also cut their price target on IBM, Benzinga reported

-- On Wednesday, IBM reported third-quarter revenue of $18 billion, down from $18.8 billion in the year-ago quarter. FactSet consensus was for $18.2 billion

-- Currently down three of the past four days

-- Currently down two consecutive days; down 6.45% over this period

-- Worst two day stretch since the two days ending Oct. 30, 2018, when it fell 7.52%

-- Down 8% month-to-date

-- Up 17.69% year-to-date; on pace for best year since 2016, when it rose 20.61%

-- Down 38.01% from its all-time closing high of $215.80 on March 14, 2013

-- Down 11.61% from its 52-week closing high of $151.36 on July 26, 2019

-- Traded as low as $132.91; lowest intraday level since Aug. 28, 2019, when it hit $130.04

-- Down 6.47% at today's intraday low; largest intraday percent decrease since Oct. 17, 2018, when it fell as much as 8.06%

-- Worst performer in the DJIA today

-- Worst performer in the S&P 500 today

-- Fifth most active stock in the S&P 500 today

-- Subtracted 56.48 points from the DJIA so far today

All data as of 10:43:10 AM

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

October 17, 2019 11:10 ET (15:10 GMT)

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