IBM Stock Falls 1.3% After Insider Selling
International Business Machines (IBM) stock fell 1.3% in mid-day trading on Friday after an insider sold shares.
The company traded as low as $235.09 and last traded at $235.78, with 3,904,206 shares changing hands - a decline of 51% from the average daily volume of 7,897,626 shares.
The stock's value decreased after SVP Robert David Thomas sold 25,000 shares on Wednesday, August 26th at an average price of $230.32, totaling $5,758,000.00.