Large Outflow of Money Witnessed in International Business Machines Corporation

International Business Machines Corporation (IBM) : The total money flow in International Business Machines Corporation (IBM) was negative ($72.98 million), showing the domination of sellers in the Monday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $244.31 million. Transactions on upticks were comparatively lower at $171.33 million. The uptick to downtick ratio was 0.7. The total block trades done on upticks were valued at $2.32 million. The total block trades on downticks were valued at $79.5 million. The uptick to the downtick ratio of block trades was 0.03. The money flow during block trades was negative ($77.19 million) when the stock traded with a gain of $8 cent. International Business Machines Corporation (IBM) was $159.86, an increase of 0.05% over the previous days close.


International Business Machines Corporation is up 5.82% in the last 3-month period. Year-to-Date the stock performance stands at 18.48%. Shares of International Business Machines Corporation rose by 2.92% in the last five trading days and 5.83% for the last 4 weeks. 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 (NYSE:IBM): stock turned positive on Monday. Though the stock opened at $159.3, the bulls momentum made the stock top out at $160.75 level for the day. The stock recorded a low of $158.73 and closed the trading day at $159.86, in the green by 0.05%. The total traded volume for the day was 6,729,685. The stock had closed at $159.78 in the previous days trading.

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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