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IBM Shares Appreciated by 10% and Showed the Fastest Growth in Ten Years

IBM Shares Appreciated by 10% and Showed the Fastest Growth in Ten Years

Published by InvestorGreg Editorial Team

January 25th, 2019

Shares of IBM, the American manufacturer of computers and software components, appreciated by 10.2 percent during trading on January 23, according to trading data on the New York Stock Exchange (NYSE).

At the time of publication, one share of the Company cost $132.05, which is by 7.7 percent higher than the close price on January 22. During the trading session, the maximum price of the security reached $135 per share.

The growth has been the most significant since January 2009. At the same time, IBM quotes fell down by almost 25 percent over the past year.

IBM was founded in New York in 1911. Initially, it manufactured electrical equipment and household appliances and subsequently switched to personal computers. In 2004, the relevant unit was sold to the Chinese Lenovo. Currently, IBM is engaged in manufacturing microprocessors, servers and operating systems.

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