In a filing, International Business Machines Corp revealed its Senior Vice President LAMOREAUX NICKLE JACLYN unloaded Company’s shares for reported $0.77 million on Nov 08 ’24. In the deal valued at $215.20 per share,3,600 shares were sold. As a result of this transaction, LAMOREAUX NICKLE JACLYN now holds 25,390 shares worth roughly $5.35 million.
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Then, BROWDY MICHELLE H sold 9,800 shares, generating $1,811,524 in total proceeds. Upon selling the shares at $184.85, the Senior Vice President now owns 119,498 shares.
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 -1.27% to $210.86. Over the last five days, the stock has gained 1.59%. International Business Machines Corp shares have risen nearly 28.93% since the year began. Nevertheless, the stocks have risen 41.50% over the past one year. While a 52-week high of $237.37 was reached on 10/15/24, a 52-week low of $147.35 was recorded on 01/08/24. SMA at 50 days reached $218.44, while 200 days put it at $191.39.
Levels Of Support And Resistance For IBM Stock
The 24-hour chart illustrates a support level at 208.94, which if violated will result in even more drops to 207.01. On the upside, there is a resistance level at 212.91. A further resistance level may holdings at 214.95. The Relative Strength Index (RSI) on the 14-day chart is 40.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.60, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 58.73%. Stochastics %K at 36.41% 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 2024-10-15, growing by 0.53 million shares to a total of 23.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 23.16 million shares. There was a rise of 2.24%, 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.
