IBM's Trading Volume Surges to 12th Place Despite 7.62% Stock Decline

On July 24, 2025, IBM's trading volume reached $5.846 billion, marking a 156.07% increase from the previous day. This surge placed IBM at the 12th position in terms of trading volume for the day. However, IBM's stock price fell by 7.62%.

IBM's recent earnings report, while beating overall expectations, failed to meet software revenue estimates. This shortfall, particularly in transaction processing, has been cited as a key factor in the stock's decline. The company's software revenue, which accounts for a significant portion of its bookings, missed market expectations, leading to a drop in share price.

Analysts have attributed the stock's decline to the disappointing software revenue, which was lower than anticipated. Despite an 8% year-over-year increase in revenue and an 18% rise in earnings per share, the software revenue miss has overshadowed these positive figures. The company's consulting unit, which contributes about 80% of the bookings, has not been able to fully compensate for the software revenue shortfall.

IBM's stock has been on a rollercoaster ride this year, with a nearly 30% rise earlier in the year due to optimism about software-driven growth. However, the recent software revenue miss has led to a more than 8% drop in share price, erasing some of the gains made earlier in the year. The company's AI mainframe and consulting services have not been enough to offset the impact of the software revenue miss on the stock price.