International Business Machines Corporation (IBM) : On Tuesday, The money flowed into the International Business Machines Corporation (IBM) stock with an uptick to downtick ratio was recorded at 2.22. Transactions worth $103.45 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $46.67 million. The total money flow into the stock was $56.78 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $59.98 million of block transactions on upticks. The total money flow in block trades was $59.98 million. In terms of price action, International Business Machines Corporation (IBM) traded down $0.32 during the session at $159.4. Compared to the previous days closing, the stock was down only by -0.2%. For the week, the stock is 0.68%, over previous weeks closing.
Also, Oppenheimer initiates coverage on International Business Machines Corporation (NYSE:IBM) The shares have been rated Perform. The rating by the firm was issued on August 16, 2016.
International Business Machines Corporation has lost 0.54% in the last five trading days and dropped 0.42% in the last 4 weeks. International Business Machines Corporation is up 5.42% in the last 3-month period. Year-to-Date the stock performance stands at 19.16%.
International Business Machines Corporation (NYSE:IBM): The stock opened at $159.76 on Tuesday but the bulls could not build on the opening and the stock topped out at $160.15 for the day. The stock traded down to $158.81 during the day, due to lack of any buying support eventually closed down at $159.40 with a loss of -0.20% for the day. The stock had closed at $159.72 on the previous day. The total traded volume was 1,813,343 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the (Senior Vice President) of International Business Machines Corp, Leblanc Robert J. had sold 15,708 shares worth of $2,548,623 in a transaction dated August 9, 2016. In this transaction, 15,708 shares were sold at $162.25 per share.
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.