IBM Stock Price Drops Amid Quantum Computing Acquisition
International Business Machines (IBM) stock price dropped by 1.2% on Tuesday to $231.12, its lowest point of the day.
The 3.21 million shares traded during mid-day were a decline of 59% from the average session volume of 7.86 million shares.
Analysts have been discussing IBM's acquisition of HRL Laboratories, which could help develop more scalable quantum-computing systems.