Jonah Lupton: IBM shares fall 17 percent pre-market after weak preliminary results

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Ivan Andriyenko

18 hours ago

Jonah Lupton: IBM shares fall 17 percent pre-market after weak preliminary results — IBM leads software stocks lower pre-market

Jonah Lupton, investor and market commentator at Social Media / FinTwit, reports that IBM is down 17 percent in pre-market trading following the release of preliminary numbers.

Lupton states that IBM's decline is affecting other software companies such as NOW, ADBE, CRM, INTU, ACN, ESTC, and SNOW. The commentary from IBM indicates recent client trends in the last few weeks of June have contributed to the sell-off.

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Lupton has previously flagged shareholder frustration over IREN's recent stock performance and management. He also highlighted Samsung's strong results after the company reported triple-digit revenue and quadruple-digit earnings growth. These earlier comments reflect Lupton's ongoing focus on significant corporate moves across global markets.

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