Shares of International Business Machines Corporation (IBM) tanked over 10% on Thursday morning despite reporting profit and revenue growth.
The stock is currently trading at $224.73, down $27.13 or 10.77%, on the NYSE. It opened at $232.27 after closing the previous session at $251.86. The stock has traded between $220.72 and $324.90 over the past 52 weeks.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.