Start the conversation
3/24/15: This week, the International Business Machines Corp. (NYSE: IBM) stock price has gotten a reprieve from what has been a long, painful downtrend, as it looks to break above new five-month highs.
After touching off $154.28 a share on March 13, the IBM stock price has been climbing. At yesterday's close (Monday), it was up to $164.63 – 6.7%. It's up 3.3% on the year. It got a boost yesterday on news that Big Blue was going to refocus its strategy in China. CEO Virginia Rometty confirmed that IBM was going to work with local Chinese tech firms to build out their IT infrastructure by sharing technology, Reuters reported.