International Business Machines (IBM) is trading -7% lower at $128.05 today.

International Business Machines has been trading between a 52-week high of $144.73 and a 52-week low of $111.84. The stock has a market cap of $115 Billion.

Dow Jones Futures Climb But IBM Dives On Earnings; Netflix Earnings Due
Investor''s Business Daily 07-19-22

Why IBM Stock Is Falling Today
Benzinga 07-19-22

Hot Stocks: IBM sinks on weak cash flow, while HAL and TFC rise on earnings, SHO also gains
Seeking Alpha 07-19-22

IBM tumbles as investors digest weaker free cash flow, guidance
Seeking Alpha 07-19-22

IBM hopes a new error mitigation technique will help it get to quantum advantage
TechCrunch 07-19-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

animositisomina35 - 29 upvotes - source
If you invested $10,000 in IBM in 2011, you'd have >!less money!<

mjgcfb - 27 upvotes - source
IBM is a preview for SPY tomorrow.

Peelboy - 26 upvotes - source
IBM had a big pull after hours...maybe others will follow and you will be rich...I have 7700 shares of uvxy I would love for you to be rich tomorrow.

animositisomina35 - 13 upvotes - source
IBM just reported earnings posting numbers of * EPS of $2.31 beating expectations of $2.28 * Rev of $15.5B beating expectations of $15.25B

Usual_Cow6410 - 12 upvotes - source
OUCH Forex hit from IBM is gonna hit MSFT real hard too.

A55_Cactus - 12 upvotes - source
I have 14 years in the IT field and I have absolutely no idea what IBM even does since the 80s

heathermyllz - 12 upvotes - source
How is IBM even still in business

hkboy3 - 9 upvotes - source
IBM was a very important earnings because it help set the mood for the beginning of earning season. Now that they're down 4% AH the bull momentum is broken, market going straight back down.

LMY723 - 8 upvotes - source
IBM is the shitco of boomer companies, wtf you thinking

FunCranberry112122 - 8 upvotes - source
As long as IBM stays above 130 I should be fine