International Business Machines Corp.’s filing revealed 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 $27.84 million.
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DZ Bank downgraded its International Business Machines Corp. [IBM] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. Exane BNP Paribas began covering IBM with “an Underperform” recommendation on May 02, 2024. Evercore ISI revised its rating on January 19, 2024. It rated IBM as “an Outperform” which previously was an “an In-line”.
Price Performance Review of IBM
On Tuesday, International Business Machines Corp. [NYSE:IBM] saw its stock fall -0.98% to $232.96. Over the last five days, the stock has gained 1.90%. International Business Machines Corp. shares have risen nearly 42.44% since the year began. Nevertheless, the stocks have risen 68.25% over the past one year. While a 52-week high of $236.12 was reached on 10/15/24, a 52-week low of $135.87 was recorded on 01/08/24. SMA at 50 days reached $209.33, while 200 days put it at $186.50.
Levels Of Support And Resistance For IBM Stock
The 24-hour chart illustrates a support level at 231.32, which if violated will result in even more drops to 229.69. On the upside, there is a resistance level at 235.98. A further resistance level may holdings at 239.01. The Relative Strength Index (RSI) on the 14-day chart is 73.32, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.85, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.44%. Stochastics %K at 87.50% indicates the stock is a selling.
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 2024-09-30, growing by 2.1 million shares to a total of 22.71 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 20.61 million shares. There was a rise of 9.24%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 05, 2024 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $180 price target.
