International Business Machines (NYSE:IBM)- Recoiled Stocks in Momentum: Renren Inc. (NYSE:RENN)

Shares of International Business Machines Corporation (NYSE:IBM) [Trend Analysis] swings enthusiastically in regular trading session, it a decrease of -0.37% to close at $165.99. IBM in collaboration with Rice University has created the IBM Multi-Purpose Eldercare Robot Assistant (IBM MERA), a robot that can provide assistance to the elderly and their caregivers.

The MERA uses IBM’s Watson AI to provide assistance to the elderly and monitor vital signs and environmental changes in a non-invasive manner.IBM Research also plans to work with Sole Cooperativa, a healthcare provider in Italy, to install sensors in senior housing communities to monitor day-to-day activities of residents.

According to the United Nations, the number of people 60 years old or older is expected to grow by 56 percent worldwide by 2030. Moving forward to saw long-term intention, the experts calculate Return on Investment of 23.40%. The stock is going forward its fifty-two week low with 46.03% and lagging behind from its 52-week high price with -2.33%. IBM last month stock price volatility remained 1.31%.

Renren Inc. (NYSE:RENN) [Trend Analysis] knocking active thrust in leading trading session, shares a decrease of -2.45% to 1.59 with around 1.18 Million shares have changed hands in this session. Renren Inc. (RENN) revealed that Special Committee of its Board of Directors, which was formed to consider (a) a proposed spin-off, (b) a preliminary non-binding proposal to purchase any shares of the company to be spun off that are not distributed in the proposed spin-off, and (c) any potential alternative transactions involving the Company and the SpinCo, has retained Duff & Phelps, LLC as its independent financial advisor and O’Melveny & Myers LLP as its U.S. legal counsel to assist the Special Committee in its work. The stock is going forward its fifty-two week low with 5.30% and lagging behind from its 52-week high price with -57.26%.

Similar, the positive performance for the quarter recorded as -22.82% and for the year was -56.79%, while the YTD performance remained at -56.79%. RENN has Average True Range for 14 days of 0.07.

 

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