Founders Capital Management Has Trimmed Intl Business Machines (IBM) Holding; Veon LTD. – American Depositary Shares (VEON) Shorts Increased By 48.21%

May 17, 2018 - By Danny Collins

Founders Capital Management Llc decreased Intl Business Machines (IBM) stake by 78.42% reported in 2017Q4 SEC filing. Founders Capital Management Llc sold 28,893 shares as Intl Business Machines (IBM)’s stock declined 0.39%. The Founders Capital Management Llc holds 7,953 shares with $1.22M value, down from 36,846 last quarter. Intl Business Machines now has $132.77B valuation. The stock increased 0.62% or $0.89 during the last trading session, reaching $144.63. About 3.17 million shares traded. International Business Machines Corporation (NYSE:IBM) has declined 12.58% since May 17, 2017 and is downtrending. It has underperformed by 24.13% the S&P500.

Veon LTD. – American Depositary Shares (NASDAQ:VEON) had an increase of 48.21% in short interest. VEON’s SI was 10.75 million shares in May as released by FINRA. Its up 48.21% from 7.25M shares previously. With 5.29 million avg volume, 2 days are for Veon LTD. – American Depositary Shares (NASDAQ:VEON)’s short sellers to cover VEON’s short positions. The SI to Veon LTD. – American Depositary Shares’s float is 1.65%. The stock decreased 1.10% or $0.03 during the last trading session, reaching $2.69. About 4.23M shares traded. VEON Ltd. (NASDAQ:VEON) has declined 36.19% since May 17, 2017 and is downtrending. It has underperformed by 47.74% the S&P500.

Another recent and important VEON Ltd. (NASDAQ:VEON) news was published by Seekingalpha.com which published an article titled: “VEON’s (VEON) Q1 2018 Results – Earnings Call Transcript” on May 14, 2018.

VEON Ltd., a communications and technology company, through its subsidiaries, provides mobile and fixed-line telecommunications services. The company has market cap of $4.71 billion. The firm offers mobile telecommunications services under contract and prepaid plans for corporate and consumer divisions; value added services, including messaging services, content/infotainment services, data access services, location based services, media, and content delivery channels; national and international roaming services; wireless Internet access; mobile financial services; and mobile bundles. It currently has negative earnings. It also provides fixed-line telecommunication services, such as business and corporate services comprising various telecommunications and information technology, and data center services to companies and high-end residential buildings; carrier and operator services; consumer Internet services, which provide fixed-line telephony, Internet access, and home phone services on a VoIP and copper wire basis; consumer voice offerings; corporate voice offerings that offer fixed-line voice services, data services, value added services, and connectivity services to corporate customers, such as large corporate customers, small and medium enterprises, and SOHOs; and Internet and data services, which provide Internet and data transmission services to consumer and corporate customers.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Benzinga.com which released: “IBM CTO Tom Eck Shares Startup Pitch Advice At Benzinga Global Fintech Awards” on May 15, 2018, also 247Wallst.com with their article: “Who IBM Is Laying Off and What They Have to Say About It” published on April 27, 2018, Seekingalpha.com published: “Berkshire Hathaway drops IBM” on May 04, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Seekingalpha.com and their article: “IBM Covered Call” published on April 19, 2018 as well as 247Wallst.com‘s news article titled: “IBM, Abandoned by Buffett and Wall Street, Sinks Lower” with publication date: May 07, 2018.

Among 33 analysts covering International Business Machines (NYSE:IBM), 13 have Buy rating, 4 Sell and 16 Hold. Therefore 39% are positive. International Business Machines has $21200 highest and $11000 lowest target. $164.02’s average target is 13.41% above currents $144.63 stock price. International Business Machines had 129 analyst reports since July 21, 2015 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Hold” rating in Friday, January 19 report. The rating was maintained by Stifel Nicolaus on Thursday, January 12 with “Buy”. As per Wednesday, July 12, the company rating was maintained by Jefferies. As per Wednesday, August 23, the company rating was maintained by Morgan Stanley. UBS maintained International Business Machines Corporation (NYSE:IBM) on Wednesday, October 18 with “Neutral” rating. The company was maintained on Wednesday, July 19 by UBS. The stock has “Market Perform” rating by BMO Capital Markets on Tuesday, July 19. On Wednesday, April 12 the stock rating was maintained by Bernstein with “Market Perform”. On Tuesday, July 19 the stock rating was maintained by Morgan Stanley with “Overweight”. As per Friday, November 20, the company rating was initiated by JMP Securities.

Since January 31, 2018, it had 1 insider buy, and 2 sales for $2.69 million activity. Clementi Erich sold $2.01 million worth of stock or 13,000 shares. WADDELL FREDERICK H bought 610 shares worth $99,659. The insider Gherson Diane J sold $780,000.

International Business Machines Corporation (NYSE:IBM) Institutional Positions Chart

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