IBM Insider Sells $5.8m Worth of Shares Amid Concerns

Robert Thomas, Senior VP of IBM Software & Chief Commercial Officer, recently sold a significant amount of shares in International Business Machines Corporation (NYSE:IBM). The sale netted him approximately US$5.8m at an average price of US$230 per share.

This is the largest sale of IBM shares made by an insider individual in the last twelve months, according to records. Thomas's stake decreased by 28% due to this sale.

While it may be concerning that an insider sold shares below the current price of US$236, it's essential to note that sellers may have various reasons for selling, and we don't know their exact thoughts on the stock price.