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Muted Movements in IBM Stock Price Today Prove Wall Street Is Clueless
The International Business Machines Corp. (NYSE: IBM) stock price today is hardly budging after it fell 1.8% yesterday (Thursday).
IBM is always putting out some statement about how IBM is going to invest billions of dollars into some initiative with little added details. But a recent announcement of a Facebook partnership was not just a typical PR gambit. It highlighted just where the real promise was in IBM.
Here's what the IBM stock price today says about the market's misreading of the company...
The International Business Machines Corp. (NYSE: IBM) stock price today is hardly budging after it fell 1.8% yesterday (Thursday).
IBM is always putting out some statement about how IBM is going to invest billions of dollars into some initiative with little added details. But a recent announcement of a Facebook partnership was not just a typical PR gambit. It highlighted just where the real promise was in IBM.
Here's what the IBM stock price today says about the market's misreading of the company...