International Business Machines Corporation (IBM) Moves Higher on Volume Spike for March 15

Equities Staff  |

International Business Machines Corporation (IBM) traded on unusually high volume on Mar. 15, as the stock gained 0.46% to close at $139.43. On the day, International Business Machines Corporation saw 7.08 million shares trade hands on 34,422 trades. Considering that the stock averages only a daily volume of 3.62 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $162.00 and $105.94 over the last 52-weeks, its 50-day SMA is now $131.14, and its 200-day SMA $133.24. International Business Machines Corporation has a P/B ratio of 7.39. It also has a P/E ratio of 14.6.

International Business Machines Corp is an IT behemoth with an operating history of more than a century. The company's offerings span a range of services, software, and hardware. IBM operates on a global scale, with operations in over 170 countries; it generates a little more than half of its revenue outside the Americas. The company has an entrenched position globally within the largest multinational firms, providing an end-to-end portfolio that helps enterprises plan, build, manage, and maintain IT infrastructure, platforms, applications, and services.

Headquartered in Armonk, NY, International Business Machines Corporation has 381,100 employees and is currently under the leadership of CEO Virginia M. Rometty.

For a complete fundamental analysis analysis of International Business Machines Corporation, check out’s Stock Valuation Analysis report for IBM.

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To get more information on International Business Machines Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: IBM’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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