International Business Machines Corp.’s recent filing unveils that its Senior Vice President BROWDY MICHELLE H unloaded Company’s shares for reported $1.81 million on Feb 01 ’24. In the deal valued at $184.85 per share,9,800 shares were sold. As a result of this transaction, BROWDY MICHELLE H now holds 119,498 shares worth roughly $26.21 million.
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Goldman initiated its International Business Machines Corp. [IBM] rating to a Buy in a research note published on June 24, 2024; the price target was $200. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who began to cover the stock in early May with a ‘”an Underperform”‘ rating. Evercore ISI also remained covering IBM and has increased its forecast on January 19, 2024 with a “an Outperform” recommendation from previously “an In-line” rating. Jefferies started covering the stock on January 05, 2024. It rated IBM as “a Hold”.
Price Performance Review of IBM
On Tuesday, International Business Machines Corp. [NYSE:IBM] saw its stock fall -0.78% to $219.35. Over the last five days, the stock has lost -0.73%. International Business Machines Corp. shares have risen nearly 34.12% since the year began. Nevertheless, the stocks have risen 56.34% over the past one year. While a 52-week high of $224.15 was reached on 09/27/24, a 52-week low of $135.87 was recorded on 01/08/24. SMA at 50 days reached $201.24, while 200 days put it at $183.15.
Levels Of Support And Resistance For IBM Stock
The 24-hour chart illustrates a support level at 216.47, which if violated will result in even more drops to 213.58. On the upside, there is a resistance level at 221.67. A further resistance level may holdings at 223.98. The Relative Strength Index (RSI) on the 14-day chart is 67.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.22%. Stochastics %K at 79.90% indicates the stock is a holding.
How much short interest is there in International Business Machines Corp.?
A steep rise in short interest was recorded in International Business Machines Corp. stocks on 2024-09-13, growing by 2.72 million shares to a total of 23.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 20.44 million shares. There was a rise of 11.73%, which implies that there is a positive sentiment for the stock.
