IBM Sees Surge in Institutional Investment Amid Insider Selling

Callan Family Office LLC recently acquired a new position in International Business Machines Corporation (IBM), purchasing 20,665 shares worth approximately $5.81 million.

This is not the only instance of institutional investors buying into IBM; several other companies and funds have also made purchases over the past few quarters.

The total value of these acquisitions amounts to millions of dollars, with some investments reaching nearly $30,000 per share.

Despite this influx of capital, insider selling has also been reported, with SVP Robert Thomas selling 25,000 shares in August for a total of $5.76 million.