Is IBM Stock in Trouble?
An earnings scare has sent the stock reeling, hitting a new 52-week low along the way.
Overview
Shares of International Business Machines (NYSE: IBM) plummeted sharply and suddenly last week after the tech giant released news that was concerning to investors. The company didn't formally announce its latest quarterly numbers, but did preannounce them. And the numbers were troubling enough that the stock plunged more than 25%, which is massive for a company of IBM's size.
Are the numbers really that bad and concerning? Here's why investors dumped the stock, whether it's in deep trouble, and if IBM stock may be a good contrarian buy right now.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.