IBM Stock Gains After Cuts to Marketing and Communications Staff—Key Level To Watch

Key TakeawaysIBM shares gained more than 3% on Tuesday and were moving slightly higher in premarket trading Wednesday after the company notified staff that it planned to cut jobs in its marketing and communications division.The company is rebalancing its workforce as it prioritizes skills in areas that best meet its customers’ needs, such as artificial intelligence and hybrid cloud.IBM shares may find chart resistance near the peak of a triple top pattern, which also doubles as the stock's all-time high, at ...