IBM - IBM: More Of The Same And Nothing To Be Excited About
2024-05-29 08:20:18 ET
Summary
- IBM's share price increased by roughly 35% in the past 12 months, but not for the reasons you might expect.
- Nothing seems to have changed at the company as far as the long-term strategy is concerned.
- At the same time, IBM is now far less attractive as a dividend play and the rest of 2024 is likely to be uneventful.
After years of relatively flat performance, IBM's ( IBM ) share price seems to have finally broken its resistance levels and is now up by roughly 35% for the past 12-mont period. As encouraging as this might sound to IBM shareholders, however, the stock is still a long way to go before it catches up with the technology sector (see below)....
IBM: More Of The Same And Nothing To Be Excited About