International Business Machines Corporation (IBM) : Traders are bullish on International Business Machines Corporation (IBM) as it has outperformed the S&P 500 by a wide margin of 0.72% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.92%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.44% in the last 1 week, and is up 5.13% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.8% and the 50-Day Moving Average is 5.85%.
International Business Machines Corporation (NYSE:IBM): The stock opened at $159.90 on Friday but the bulls could not build on the opening and the stock topped out at $159.98 for the day. The stock traded down to $158.50 during the day, due to lack of any buying support eventually closed down at $159.78 with a loss of -0.31% for the day. The stock had closed at $160.28 on the previous day. The total traded volume was 4,476,810 shares.
The company Insiders own 0.08% of International Business Machines Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -11.44% . Institutional Investors own 61.39% of International Business Machines Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -28.44%. In a related news, The Securities and Exchange Commission has divulged that Gherson Diane J, (Senior Vice President) of International Business Machines Corp, had unloaded 2,986 shares at an average price of $147 in a transaction dated on May 6, 2016. The total value of the transaction was worth $438,942.
International Business Machines Corporation is a technology company. The Company operates in five business segments: Global Technology Services (GTS), which includes Strategic Outsourcing, Integrated Technology Services, Cloud and Technology Support Services, and also provides information technology (IT) infrastructure and business process services; Global Business Services (GBS), which offers its services across Consulting and Systems Integration, Global Process Services and Application Management Services; Software, which consists of middleware and operating systems software; Systems and Technology (STG), which provides infrastructure technologies, and Global Financing, which provides financing solutions for products or services that are critical to the end users business operations. Its IBM Watson Health Cloud platform collects clinical, research and social data from a range of health sources and creates a cloud-based data sharing hub.