International Business Machines (NYSE:IBM) Signs Contract With Lotte Group To Provide Cloud-Based IBM- Deutsche Bank (DB)

Shares of International Business Machines Corporation (NYSE:IBM) [Trend Analysis] runs in leading trade, it plunging -0.21% to traded at $167.25. The firm has price volatility of 1.27% for a week and 1.33% for a month. Its beta stands at 0.97 times. IBM (NYSE:IBM) declared that it has signed contract with the Lotte Group to provide cloud-based IBM Watson solutions to help the Group deliver innovation across the business and become a world-class retail company.

Lotte Group represents the country’s largest retailer in a highly competitive retail market and is one of Korea’s top five companies, providing products and services to its consumers through online channels, mobile services and offline department stores, marts, convenience stores and duty-free shops.

Lotte Group will use Watson technologies to maximize insights from the huge amount of structured and unstructured consumer data collected through its various channels, including the Lotte Members program, deriving valuable learning’s about consumer preferences and product feedback. With a deeper understanding of its data, Lotte will be enabled to offer more personalized services to consumers, consistent product information and expert advice tailored to individual consumer needs. Narrow down four to firm performance, its weekly performance was -0.41% and monthly performance was 4.50%. The stock price of IBM is moving up from its 20 days moving average with 1.79% and isolated positively from 50 days moving average with 5.82%.

Several matter pinch shares of Deutsche Bank AG (NYSE:DB) [Trend Analysis], as shares plunging -1.26% to $18.77 with a share volume of 1.55 Million. Yuri Khilov, the former head of Deutsche Bank AG’s Russian equity-trading desk, allegedly earned more than $4 million by engaging in market manipulation from 2013 to 2015, using accounts that he opened in his relatives’ names. Khilov is accused of booking trades in the name of the lender’s London office and then buying and selling stocks for his relatives within minutes, “earning a positive financial result” at the expense of his employer, the Bank of Russia said in a statement Tuesday.

The central bank said it worked on the investigation with Germany’s Bafin regulator, which declined to comment. Khilov, who has since left the bank, also declined to comment.“The Bank of Russia has sent the corresponding materials from the probe to law enforcement agencies,” the central bank said. ValeriyLyakh, the head of the central bank’s market violations monitoring department, told reporters, that a one-year statute of limitations prevents the central bank from fining Deutsche Bank for market manipulation. The stock is going forward its 52-week low with 67.74% and moving down from its 52-week high price with -24.68%. To have technical analysis views, liquidity ratio of a company, debt to equity ratio of 2.71. The float short ratio was 2.03%, as compared to sentiment indicator; Short Ratio was 2.45.

 

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