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Benzinga

Business

Joel Elconin

PreMarket Prep Stock Of The Day: Big Blue On The Move

IBM International Business Machines NYSE

International Business Machines (NYSE:IBM) is having its best day since Jan. 25 ($128.82 to $136.10) after its earnings beat. The corresponding price action makes it the PreMarket Prep Stock Of The Day.

Price Action Ahead Of Report: Since April 6, IBM has been in a trading range from $124.91 to $130.58. There have been multiple lows in the $125-$126 area and briefly reached $130.58 on April 14, following a Morgan Stanley upgrade.

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