IBM

International Business Machines Corporation
NYSEUSDEQUITY Technology DELAYED
Last price
221.75
▲ 0.17 (0.08%)
MARKET · —

Price

1D — H — L — Range — Vol —
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
222.19
Prev close
221.58
Day high
224.50
Day low
221.00
Volume
3.93M
Market cap
$208.48B
P/E (TTM)
19.69
52W range
199.19 – 332.46

Day trading desk

Current session · delayed
Gap from prior close
+0.28%
Prior close 221.58
VWAP
222.45
-0.31% from price
Relative volume
0.41×
Quiet session
Session range
1.59%
221.00 – 224.51
Position in range
21%
Near session low
ATR (14D)
5.85
2.64% of price
Prior day high
222.88
PDH
Prior day low
220.30
PDL
Bid / ask spread
—
Quote not published
Session volume
3.39M
Avg 8.18M

VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
+0.59% -1.4%
1M
-5.79% -6.9%
3M
-26.74% -31.3%
6M
-9.70% -27.9%
YTD
-25.29% -39.5%
1Y
-23.26% -39.7%
3Y
+57.73% -24.5%
5Y
— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

5 more panels on IBM open with an account.

Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.

Insider net activity

6m · Form 4 rollup
Net shares
-17.30K
Net selling
Buy transactions
2
7.70K shares
Sell transactions
1
25.00K shares
Net transactions
+3
Buys less sells
Sell : buy shares
3.2 : 1
Mixed
Insider-held shares
989.24K
Total on file
Bought 7.70KSold 25.00K

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Aug 26, 26
THOMAS ROBERT DAVID
Officer
SELL 25.00K $5.76M Direct
Jul 1, 26
ROBINSON ANNE
Officer
— 7.29K — Direct
Jun 4, 26
FEHRING NICOLAS A.
Officer
STOCK 400 $0 Direct
Feb 25, 26
HOWARD MICHELLE J.
Director
BUY 50 $11.89K Direct
Feb 25, 26
MIEBACH MICHAEL
Director
BUY 434 $101.26K Direct
Feb 20, 26
FEHRING NICOLAS A.
Officer
— 1.57K — Direct
Feb 20, 26
THOMAS ROBERT DAVID
Officer
— 8.41K — Direct
Feb 20, 26
LAMOREAUX NICKLE JACLYN
Officer
— 4.39K — Direct
Feb 20, 26
KRISHNA ARVIND
Chief Executive Officer
— 16.90K — Direct
Feb 20, 26
KAVANAUGH JAMES J.
Chief Financial Officer
— 9.83K — Direct
Feb 20, 26
COHN GARY D
Officer
— 7.58K — Direct
Feb 18, 26
THOMAS ROBERT DAVID
Officer
— 2.55K — Direct
Feb 18, 26
ROBINSON ANNE
Officer
— 1.72K — Direct
Feb 18, 26
LAMOREAUX NICKLE JACLYN
Officer
— 1.59K — Direct
What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

10 reporting
NameRelationShares heldLatest
COHN GARY D
Officer 110.59K Conversion of Exercise of derivative security
FARR DAVID N
Director 9.26K Purchase
FEHRING NICOLAS A.
Officer 16.58K Stock Gift
KAVANAUGH JAMES J.
Chief Financial Officer 175.39K Conversion of Exercise of derivative security
KRISHNA ARVIND
Chief Executive Officer 371.89K Conversion of Exercise of derivative security
LAMOREAUX NICKLE JACLYN
Officer 56.76K Conversion of Exercise of derivative security
MIEBACH MICHAEL
Director 434 Purchase
ROBINSON ANNE
Officer 13.65K Conversion of Exercise of derivative security
THOMAS ROBERT DAVID
Officer 47.80K Sale
ZOLLAR ALFRED W
Director 936 Purchase

Fundamentals

TTM · reported
Market cap$208.48B
Enterprise value$265.71B
Revenue (TTM)$69.09B
Gross profit$40.14B
EBITDA$16.47B
Net income$10.71B
EPS (TTM)$11.24
Free cash flow$12.05B
Total cash$8.13B
Total debt$65.27B
Book value / share$36.57
Shares outstanding942.13M
Float940.19M
Short % of float2.65%
Dividend yield3.05%
Beta (5Y)0.72

Valuation & profitability ratios

Account required
Trailing P/E19.69
Forward P/E16.83
PEG ratio2.10
Price / sales—
Price / book6.05
EV / revenue3.85
EV / EBITDA16.13
Gross margin58.10%
Operating margin16.55%
Profit margin15.52%
Return on equity34.46%
Return on assets5.30%
Debt / equity188.97
Current ratio0.79
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 4 years · 5 quarters
Blank means not reported, not zero
Line item2025202420232022YoY
Total revenue $67.54B$62.75B$61.86B$60.53B +7.6%
Operating revenue $67.54B$62.75B$61.86B$60.53B +7.6%
Cost of revenue $28.24B$27.20B$27.56B$27.84B +3.8%
Gross profit $39.30B$35.55B$34.30B$32.69B +10.5%
Research & development $8.32B$7.48B$6.78B$6.57B +11.2%
Selling, general & admin $18.14B$17.91B$19.00B$18.61B +1.3%
Total operating expense $26.80B$25.48B$24.92B$24.51B +5.2%
Operating income $12.49B$10.07B$9.38B$8.17B +24.0%
Net interest income -$1.29B-$965.00M-$937.00M-$1.05B -33.7%
Pre-tax income $10.33B$5.80B$8.69B$1.16B +78.2%
Tax provision -$242.00M-$218.00M$1.18B-$626.00M -11.0%
Net income $10.59B$6.02B$7.50B$1.64B +75.9%
Net income to common $10.59B$6.02B$7.50B$1.64B +75.9%
Basic EPS 11.366.538.231.82 +74.0%
Diluted EPS 11.176.438.141.80 +73.7%
EBIT $12.26B$7.51B$10.30B$2.37B +63.3%
EBITDA $17.28B$12.18B$14.69B$7.17B +42.0%
Basic shares 932.29M921.77M911.20M902.66M +1.1%
Diluted shares 948.68M937.16M922.10M912.27M +1.2%

Options analytics

Account required
Put / call volume
0.48
Call-heavy session
Put / call open interest
0.81
Positioning, not flow
Max pain
225.00
+1.7% from spot
ATM implied vol
35.3%
Nearest strike to spot
Skew (10% OTM)
-6.8%
Calls bid over puts
Call volume
5.23K
Contracts, this expiry
Put volume
2.50K
Contracts, this expiry
Heaviest call OI
230.00
1.54K contracts
Heaviest put OI
210.00
2.19K contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jun 2026 2.932.93 -0.1%
Mar 2026 1.811.91 +5.5%
Dec 2025 4.294.52 +5.3%
Sep 2025 2.452.65 +8.3%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter 2.87 19 $16.84B +3.1%
Next quarter 4.62 18 $20.48B +4.0%
Current year 12.31 23 $70.38B +4.2%
Next year 13.15 23 $73.10B +3.9%

Analyst targets & ownership

Account required
Mean target$240.59
High target$297.00
Low target$174.00
Implied upside8.50%
Analyst count22
ConsensusBUY
Strong buy / Buy3 / 9
Hold10
Sell / Strong sell1 / 1
Held by insiders0.10%
Held by institutions66.57%
Institutions holding4.48K
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
223.70
-0.87% from price
SMA 20
230.99
-4.20% from price
SMA 50
232.11
-4.66% from price
SMA 100
246.11
-9.90% from price
SMA 200
254.68
-13.11% from price
EMA 12
225.21
-1.54% from price
EMA 26
229.17
-3.24% from price
EMA 50
233.50
-5.03% from price
RSI (14)
40.3
Neutral
MACD (12,26,9)
-3.95
Hist -0.97
ATR (14)
5.85
2.65% of price
Realised vol 30D
31.4%
Annualised
Bollinger upper
249.11
20, 2σ
Bollinger lower
212.88
20, 2σ
50 / 200 cross
Death
232.11 vs 254.68
Trend bias
Below 200
-13.11%

Options chain

Account required
Expiry
Spot 221.75
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
0.89
Less volatile than market
Correlation to SPY
0.24
Largely independent
Realised vol 30D
31.4%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-37.5%
Peak to trough
Max drawdown 5Y
-37.5%
Peak to trough
ATR 14
5.85
2.65% of price
Beta (reported)
0.72
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
22.44M
Prior 22.05M
Change vs prior
+1.8%
Shorts adding
% of float
2.65%
Normal
% of shares out
2.38%
Against total outstanding
Days to cover
4.6
Liquid
Float
940.19M
Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

347 on file
DateFirm ActionFromTo
Aug 31, 26 Susquehanna MAINTAINED Neutral Neutral
Jul 24, 26 Citigroup MAINTAINED Buy Buy
Jul 24, 26 Susquehanna MAINTAINED Neutral Neutral
Jul 23, 26 Morgan Stanley MAINTAINED Equal-Weight Equal-Weight
Jul 23, 26 BMO Capital MAINTAINED Market Perform Market Perform
Jul 23, 26 RBC Capital MAINTAINED Outperform Outperform
Jul 23, 26 Barclays MAINTAINED Overweight Overweight
Jul 22, 26 Baird INITIATED — Neutral
Jul 21, 26 Barclays MAINTAINED Overweight Overweight
Jul 21, 26 Jefferies MAINTAINED Buy Buy
Jul 20, 26 Stifel MAINTAINED Buy Buy
Jul 17, 26 Citigroup MAINTAINED Buy Buy

Dividends & splits

Declared · from the issuer
Forward rate$6.76 / yr
Forward yield3.05%
5-year avg yield3.49%
Payout ratio59.82%
Ex-dividend dateAug 10, 2026
Next pay dateSep 10, 2026
Last split1046:1000
Split dateNov 4, 2021

PRIVATE STRATEGY · BY QUALIFICATION

The same data. A different seat.

The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.