May. 6 at 6:44 PM
$IBM low volume trading day for IBM because 65% of the stock is owned by institutional investors and they are never letting go of that dividend, especially at these prices. Vanguard owns ~10.5% of IBM. BlackRock owns ~8.5%. State Street owns just shy of 6%. This is a long term stock. Do not try to swing trade or day trade it. It won’t move like that. It is a central component of the DJIA and the S&P 500. Interestingly, it more often than not moves opposite the rapid moves in the NASDAQ. Why? I’m not sure but I suspect that the high tech stocks draw the attention and money until a down day. Then money moves back to traditional blue chips. Wonder how
$CAT changes now that it’s involved in the AI buildout trade. Idk but I’ll hold the shares bought in the 80’s. 😂
