Large Outflow of Money Witnessed in International Business Machines Corporation

International Business Machines Corporation (IBM) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($7.29 million) and the uptick to downtick ratio was 0.93. The transaction value on upticks was $93.34 million and on downticks, the transaction value was $100.63 million. In block trades, the transaction value of inflow done during uptick was $1.58 million. The transaction value of block trades during downticks was $6.53 million. The uptick to downtick block trade ratio was 0.24. The money flow was negative ($4.94 million), indicating the traders were booking profit on the price strength. International Business Machines Corporation (IBM) rose $1.5 at $158.27, during intraday Wednesday , a rise of 0.96% over the previous days close.


Shares of International Business Machines Corporation appreciated by 1.77% during the last five trading days but lost 0.9% on a 4-week basis. International Business Machines Corporation is up 7.54% in the last 3-month period. Year-to-Date the stock performance stands at 18.33%.

International Business Machines Corporation (IBM) : The consensus on International Business Machines Corporation (IBM) based on 19 analyst recommendation on the company stock is 2.74, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 10 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on International Business Machines Corporation (IBM).

International Business Machines Corporation (NYSE:IBM): The stock opened at $156.99 and touched an intraday high of $158.625 on Wednesday. During the day, the stock corrected to an intraday low of $156.23, however, the bulls stepped in and pushed the price higher to close in the green at $158.29 with a gain of 0.97% for the day. The total traded volume for the day was 3,310,008. The stock had closed at $156.77 in the previous trading session.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *