International Business Machines Rises On Unusually High Volume (IBM)
International Business Machines (NYSE:IBM) is trading at unusually high volume Wednesday with nine million shares changing hands. It is currently at 2.3 times its average daily volume and trading up $9.50 (+4.8%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- International Business Machines (NYSE: IBM) is trading at unusually high volume Wednesday with nine million shares changing hands. It is currently at 2.3 times its average daily volume and trading up $9.50 (+4.8%) at $205.58 as of 12:36 p.m. ET.
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International Business Machines has a market cap of $219.74 billion and is part of the technology sector and computer hardware industry. Shares are up 1.5% year to date as of the close of trading on Tuesday. International Business Machines Corporation provides information technology (IT) products and services worldwide. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. The company has a P/E ratio of 14, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, growth in earnings per share, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full International Business Machines Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.