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Off-topic for aiqbench

Off-topic for aiqbench

This story was gathered from a source we follow but falls outside AI and quantum coverage, so there is no aiqbench take for it.

International Business Machines (NYSE: IBM) Shares Up 3. 5% – Time to Buy?

GDELT6 min read

International Business Machines Corporation (NYSE:IBM – Get Free Report) traded up 3.5% during trading on Wednesday . The stock traded as high as $241.50 and last traded at $240.1170. Approximately 6,318,708 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 7,744,407 shares. The stock had previously closed at $232.09. Positive Sentiment: Institutional buying provides support. Quiver Quantitative reported that 1,936 institutions increased their IBM positions in the latest quarter, compared with 1,592 that reduced holdings. JPMorgan Chase, Sixth Street Partners and Wellington Management were among the largest buyers. The data also shows a median analyst price target of $315, well above recent trading levels. Quiver Quantitative IBM data…

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