The asset control of the International Business Machines Corporation (IBM), a technology company hugely involved in the quantum computing, is predominately under institutional shareholders, owning 60% of the corporation. Its stock has been gaining investor attention, with multiple shares acquired by different companies such as 1832 Asset Management L.P., Holderness Investments Co., and Oak Grove Capital LLC. A dividend increase to $1.67 has been announced, further buoying interest in the company.
In Q4 2023, IBM surpassed earnings expectations, signaling a positive financial performance. The impact of these factors has seen the stock price fluctuating, with minimal increases and decreases reported. IBM also plans to buy HashiCorp, a software company, for $6.4 billion, intending to expand its cloud services. Its Cloud Satellite is expected to make its cloud services available globally.
However, IBM is facing a lawsuit from America First Legal for allegedly discriminating against white males. Internal reductions have been reported, with an insider decreasing their stake by 30%.
International Business Machines Corporation IBM News Analytics from Wed, 20 Sep 2023 07:00:00 GMT to Sun, 09 Jun 2024 10:25:16 GMT - Rating 4 - Innovation 6 - Information 8 - Rumor -4
