International Business Machines Corp (IBM) Files Form 4 Insider Selling : Diane J Gherson Sells 2,986 Shares

International Business Machines Corp (IBM): Diane J Gherson , Senior Vice President of International Business Machines Corp sold 2,986 shares on May 6, 2016. The Insider selling transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were sold at $147.00 per share for a total value of $438,942.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 6, 2016, Robert J Picciano (Senior Vice President) sold 3,090 shares at $146.49 per share price.On Apr 21, 2016, Leo Allen Bruno V Di (Senior Vice President) sold 3,900 shares at $146.83 per share price.Also, On Feb 19, 2016, Erich Clementi (Senior Vice President) sold 2,627 shares at $133.33 per share price.On Feb 18, 2016, John E Iii Kelly (Senior Vice President) sold 7,378 shares at $124.66 per share price.

International Business Machines Corp.: On Friday, May 6, 2016 heightened volatility was witnessed in International Business Machines Corp. which led to swings in the share price. The shares opened for trading at $144.86 and hit $147.97 on the upside , eventually ending the session at $147.29, with a gain of 1.53% or 2.22 points. The heightened volatility saw the trading volume jump to 48,95,811 shares. The 52-week high of the share price is $174.44 and the company has a market cap of $141,393 M . The 52-week low of the share price is at $116.901.

International Business Machines Corp. Money Flow Index Chart

Company has been under the radar of several Street Analysts.International Business Machines Corp. is Reiterated by UBS to Neutral and the brokerage firm has raised the Price Target to $ 150 from a previous price target of $132 .The Rating was issued on Apr 19, 2016.International Business Machines Corp. is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 165 from a previous price target of $155 .The Rating was issued on Apr 14, 2016.International Business Machines Corp. is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 155 from a previous price target of $135 .The Rating was issued on Apr 1, 2016.International Business Machines Corp. is Reiterated by Morgan Stanley to Overweight and the brokerage firm has raised the Price Target to $ 168 from a previous price target of $140 .The Rating was issued on Mar 31, 2016.International Business Machines Corp. is Upgraded by Morgan Stanley to Overweight. Earlier the firm had a rating of Equal-Weight on the company shares. The Rating was issued on Feb 18, 2016.

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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International Business Machines Corp. - Is it time to Sell?

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