Home / Tech & Systems / Momentum Stocks Try To Beat Views: International Business Machines (NYSE:IBM), Cognizant Technology Solutions (CTSH)

Momentum Stocks Try To Beat Views: International Business Machines (NYSE:IBM), Cognizant Technology Solutions (CTSH)

International Business Machines Corporation (NYSE:IBM) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 0.85% to close at $164.52 with the total traded volume of 4.44 Million shares. International Business Machines Corp. (IBM) reported that it has anticipated that Cyber Monday online sales this year will raise in the double-digit percentage range over 2015. It has also anticipated that overall 2016 online sales for retailers in the period during November and December will raise by 13.89 percent over 2015.

The firm noted that Thanksgiving and Black Friday shopping growth was no longer limited just to U.S.  retailers. Instead, it was a world-wide phenomenon this year with retailers outside of the U.S.  experiencing important growth.

According to IBM, pre-holiday online shopping surged around 10 percent over 2015. This momentum has grown over Thanksgiving, Black Friday and the weekend with consumers opening their wallets and taking advantage of the accords being provided online by U.S.  and global retailers. The firm has institutional ownership of 59.30%, while insider ownership included 0.05%. Its price to sales ratio ended at 1.95. IBM attains analyst recommendation of 2.80 with week performance of 2.57%.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 6.95% to $56.95. Elliott Management Corporation reported it has sent a letter to the Board and Management of Cognizant (CTSH) outlining a three-part Value-Enhancement Plan.

Elliott believes Cognizant can achieve a value of $80-$90+ per share by the end of 2017 by implementing the Plan, representing upside of 50% to 69% in just over a year. Elliott also requested a near-term meeting with the Cognizant Board to share additional thoughts. Elliott, an investment firm, owns over 4% of Cognizant Technology Solutions Corp., making it one of the firm’s top four shareholders. The share price of CTSH attracts active investors, as stock price of week volatility recorded 2.49%. The stock is going forward to its 52-week low with 25.33% and lagging behind from its 52-week high price with -12.96%.

 

About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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