Large Inflow of Money Detected in International Business Machines Corporation

International Business Machines Corporation (IBM): $20.33 million was the positive money flow into the stock on Monday and the up/down ratio of ticks was also in favor of the bulls at 1.25. The value of trades done on upticks was $100.69 million, whereas, trades done on downticks were valued at $80.35 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $42.33 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $14.91 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 2.84 was strongly in favor of the bulls. The money flow in block trades was $27.42 million. International Business Machines Corporation (IBM) fell $1.58 traded at $161.95, a change of -0.97% over the previous day. The stock is -0.95% for the week.


International Business Machines Corporation has dropped 0.1% in the last five trading days, however, the shares have posted positive gains of 2.19% in the last 4 weeks. International Business Machines Corporation is up 9.25% in the last 3-month period. Year-to-Date the stock performance stands at 21.01%.

International Business Machines Corporation (NYSE:IBM): The stock opened at $162.40 on Monday but the bulls could not build on the opening and the stock topped out at $162.97 for the day. The stock traded down to $161.78 during the day, due to lack of any buying support eventually closed down at $161.88 with a loss of -0.04% for the day. The stock had closed at $161.95 on the previous day. The total traded volume was 2,970,415 shares.

In a related news, Leblanc Robert J., (Senior Vice President) of International Business Machines Corp, unloaded 15,708 shares at an average price of $162.25 on August 9, 2016. The total amount of the transaction was worth $2,548,623, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.