Large Inflow of Money Witnessed in International Business Machines Corporation

International Business Machines Corporation (IBM) : $62.41 million worth of transactions were on upticks in International Business Machines Corporation (IBM), compared to $52.25 million on downticks. The ratio between the two was 1.19, whereas, the net money flow stood at a healthy $10.16 million on Thursdays session. The consistent buying on upticks in the stock accounted for $9.71million worth of trades. The total money flow into the stock stood at $9.71 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.07%. The stock was trading at $152.26, with a drop of $0.11 over the previous days close. The stock recorded -0.06% for the week.


International Business Machines Corporation (IBM) : Currently there are 15 street experts covering International Business Machines Corporation (IBM) stock. The most bullish and bearish price target for the stock is $168 and $110 respectively for the short term. The average price target of all the analysts comes to $146.67. The estimated standard deviation from the target is $19.43. The stock has recorded a 20-day Moving Average of 0.92% and the 50-Day Moving Average is 1.96%.

International Business Machines Corporation (NYSE:IBM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $152.75 and $151.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $153.69. The buying momentum continued till the end and the stock did not give up its gains. It closed at $152.60, notching a gain of 0.15% for the day. The total traded volume was 2,138,421 . The stock had closed at $152.37 on the previous day.

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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