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International Business Machines Corp. (NYSE: IBM) stated that it is reserving pension-related fee of $160 million in its third quarter, it is because of the ruling by the high court in London in a legal dispute over retirement terms at its business in United Kingdom.
Company said on Friday that these charges would not disturb its operating results which it reported for the fiscal third quarter 2012.
IBM decided to present its report of financial results for the third quarter 2012 on Oct.16.
International Business Machines Corp. (NYSE:IBM)?s stock traded at beginning with a price of $205.64 and throughout the trading session climbed at a high of $207.96 and later when day-trade ended the stock finally advanced +0.99% to $207.80.
Shares price of IBM moved up from its 20 days moving average with +0.18% and remote positively from 50 days moving average with +2.90%. IBM?s current year?s earnings per share experienced an addition with 13.37% while its current quarter performance remained +12.93%.
IBM had a trade volume of 2.71 million shares which was lower as compared to average trading capacity of 3.78 million shares.
IBM?s last month?s stock price volatility remained 1.08%. In its share capital IBM has 1.14 billion outstanding shares among them 1.14 billion shares have been floated in market exchange. IBM stock insider ownership included 59.64%.
The stock is ahead of its 52-week low with +19.90% and lagging behind from its 52 weeks high price with -1.88%.
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