International Business Machines (IBM) Falls: Stock Goes Down 7.1%

International Business Machines Corporation (IBM) saw a big move in the last trading session, as the company’s shares fell by over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend for IBM, as the stock is now down over 12% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as the global provider of information technology products and services has seen 1 negative revision in the past few weeks and its current year earnings consensus has also moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

IBM currently holds a Zacks Rank #3 (Hold).

Investors interested in the Computer & Technology sector may consider better-ranked stocks like Canon Inc. (CAJ), Avago Technologies Limited (AVGO) and CACI International Inc. (CACI), each of which holds a Zacks Rank #1 (Strong Buy).

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INTERNATIONAL BUSINESS MACHINES (IBM): Free Stock Analysis Report

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