The American multinational technology corporation’s investors should be careful when investing in the company’s stock.
International Business Machines Corporation’s shares were being traded at a share price of $138.46 which added the stock of the company to the gainers of the day.
On Friday, there was a lot of fluctuation during the trading session when IBM’s stock was seen hit a high share price level of $138.81 with the number of shares soaring at 1,415,840 shares. The last stock price was called at $138.81 and the trading session began with $138. The current market capitalization of International Business Machines Corporation $134,321 million.
In the short term however over 13 analysts have shared their consensus on the stock of the multinational technology corporation. According to the consensus of these analysts, the estimated short term target price is expected to be $152.15 and the forecasted price is expected to fluctuate from a higher end of $176 to a lower end of $125.
The information technology company has had a 52-week high of $176.3 and a 52-week low of $131.65. The one year high of the tech company was registered on May 4, 2015 while the one year low was seen on November 13, 2015. The 200-day moving average was seen outperform the S&P 500 as it rallied 1.79% in the past one year and the average was recorded at $154.44 while the 50 day moving average was $140.88.
In the last 90 days, the stock of the technology corporation has dropped by 5.56% while the stock performance stands at -10.88%. Insiders of the company own 0.08% of the shares while Institutional Investors own 58.38% of the shares. The change that has been witnessed in the Insider share in the past 12 weeks have been of -24.24% while the change seen in the Institutional Investors shares have been of -29.63%.
Subsequently, insider trading was also seen in the company as it was revealed to the Securities and Exchange Commission. According to the data released by the tech giant, the executive vice president of IBM Mills Steven unloaded 10,000 shares of the international company which was a transaction worth $1,382,800 as the price per share was of $138.28. This huge transaction by the EVP of IBM was conducted on November 23, 2015.
In a month’s time, the tech giant’s stock has dropped by 1.16% while in a week’s time the stock has dropped by 0.03%. In comparison to the estimated by the S&P 500 the shares of the company have performed negatively with a loss of 0.07%. Furthermore, it has underperformed the index by 1.66% in a month’s time. Investors need to be careful during this time in terms of investor’s options. The stock of the company has received a rating of 2.5 by a number of analysts and brokers.