Large Outflow of Money Witnessed in International Business Machines Corporation

International Business Machines Corporation (IBM) : The value of composite uptick trades was $55.85 million, whereas, the value of composite downtick trades was $107.15 million. The uptick to downtick ratio stood at 0.52 with a negative money flow of ($51.3) Million during Fridays trading session. The block trades money flow was negative ($48.85 million). The transaction of the trades on downticks amounted to $48.85 million, which confirms investors selling on the strength of price. International Business Machines Corporation (IBM) gained 1 cents at $159.55, an increase of 0.01% over the previous days close.


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 -20.76% . Institutional Investors own 57.76% of International Business Machines Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -22.68%.

In a related news, The Securities and Exchange Commission has divulged that Picciano Robert J, (Senior Vice President) of International Business Machines Corp, had unloaded 1,922 shares at an average price of $159.15 in a transaction dated on August 31, 2016. The total value of the transaction was worth $305,886.

International Business Machines Corporation (NYSE:IBM): The stock opened at $159.88 and touched an intraday high of $160.57 on Friday. During the day, the stock corrected to an intraday low of $159.15, however, the bulls stepped in and pushed the price higher to close in the green at $159.55 with a gain of 0.01% for the day. The total traded volume for the day was 2,315,366. The stock had closed at $159.54 in the previous trading session.

International Business Machines Corporation (IBM) has been under a strong bear grip, hence the stock is down -2.29% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.27% in the past 1 week. The stock has risen by 0.78% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.42% in the past 4 weeks.

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.

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