Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. International Business Machines Corp shares valued at $197,139 were purchased by ZOLLAR ALFRED W on Nov 13 ’24. At $210.62 per share, ZOLLAR ALFRED W acquired 936 shares. The insider’s holdings grew to 936 shares worth approximately $0.25 million following the completion of this transaction.
Also, LAMOREAUX NICKLE JACLYN sold 3,600 shares, netting a total of over 774,727 in proceeds. Following the sale of shares at $215.20 each, the insider now holds 25,390 shares.
Analysts at DZ Bank downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early October. As of June 24, 2024, Goldman has initiated its “Buy” rating for IBM. Earlier on May 02, 2024, Exane BNP Paribas initiated its rating. Their recommendation was “an Underperform” for IBM stock.
Analyzing IBM Stock Performance
During the last five days, there has been a surge of approximately 15.16%. Over the course of the year, International Business Machines Corp shares have jumped approximately 19.77%. Shares of the company reached a 52-week high of $265.72 on 02/05/25 and a 52-week low of $214.61 on 01/14/25. A 50-day SMA is recorded $228.92, while a 200-day SMA reached $202.27. Nevertheless, trading volume fell to 6.09 million shares from 6.08 million shares the previous day.
Support And Resistance Levels for International Business Machines Corp (IBM)
According to the 24-hour chart, there is a support level at 261.08, which, if violated, would cause prices to drop to 258.86. In the upper region, resistance lies at 265.62. The next price resistance is at 267.94. RSI (Relative Strength Index) is 79.85 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 25.21, which suggests the price will increase in the coming days. Percent R is at 5.01%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
