The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. International Business Machines Corp shares valued at $6,715,639 were sold by Thomas Robert David on Mar 03 ’25. At $253.01 per share, Thomas Robert David sold 26,543 shares. The insider’s holdings dropped to 45,007 shares worth approximately $11.19 million following the completion of this transaction.
Also, ROBERT D THOMAS purchased 26,543 shares, netting a total of over 6,715,639 in proceeds.
Before that, FARR DAVID N had added 1,200 shares to its account. In a trade valued at $298,800, the Director bought International Business Machines Corp shares for $249.00 each. Upon closing the transaction, the insider’s holdings increased to 1,200 shares, worth approximately $2.05 million.
As published in their initiating research note from Oppenheimer on February 11, 2025, International Business Machines Corp [IBM] has been an Outperform and the price target has been revised to $320. As of October 02, 2024, DZ Bank has decreased its “Buy” rating to a “Hold” for IBM. Earlier on June 24, 2024, Goldman initiated its rating. Their recommendation was “a Buy” for IBM stock.
Analyzing IBM Stock Performance
During the last five days, there has been a drop of approximately -1.79%. Over the course of the year, International Business Machines Corp shares have jumped approximately 13.13%. 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 $239.91, while a 200-day SMA reached $210.85.
Support And Resistance Levels for International Business Machines Corp (IBM)
According to the 24-hour chart, there is a support level at 246.29, which, if violated, would cause prices to drop to 243.90. In the upper region, resistance lies at 251.59. The next price resistance is at 254.50. RSI (Relative Strength Index) is 46.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.02, which suggests the price will decrease in the coming days. Percent R is at 88.41%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
