Here's all you need to know. IBM executives/insiders are selling off their shares slowly, trying to keep it on the down low. They sure know which way the wind blows, like any employee does, seeing the chaos and demoralization inside every day. Rumor has it next big RA is either in Aug or Sept 9.
http://telanaganapress.com/2016/07/28/insiders-are-gradually-selling-international-business-machines-corporation-nyseibm/