Shares of International Business Machines Corporation (IBM) Sees Large Outflow of Money

International Business Machines Corporation (IBM) : Net money flow in International Business Machines Corporation (IBM) was negative ($17.51 million) and the inflow of money on uptick was $143.97 million, whereas, the outflow of money on downticks amounted to $161.48 million on Wednesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.89. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $21.53 million. On the other hand, the total value of block trades done on downticks was $37.77 million. The ratio of uptick to downtick block trades was 0.57. The money flow in block trades was negative ($16.23). International Business Machines Corporation (IBM) gained $1.78 cent during the day and reached $161.36, a gain of 1.12% over the previous day.


Also, Equity analysts at the Brokerage firm Barclays maintains its rating on International Business Machines Corporation (NYSE:IBM). The rating major has initiated the coverage with underweight rating on the shares. The Analysts at Barclays raises the price target from $125 per share to $140 per share. The rating by the firm was issued on July 15, 2016.

International Business Machines Corporation (NYSE:IBM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $159.97 and $159.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $161.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $161.36, notching a gain of 1.12% for the day. The total traded volume was 4,376,286 . The stock had closed at $159.58 on the previous day.

The stock has recorded a 20-day Moving Average of 5.06% and the 50-Day Moving Average is 6.27%. 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 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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