CA (CA) has been under a strong bear grip, hence the stock is down -0.93% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.39% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.44% in the last 1 week, and is up 0.09% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.04% and the 50-Day Moving Average is 2.21%. CA (NASDAQ:CA): On Fridays trading session , Opening price of the stock was $34.23 with an intraday high of $34.31. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $34.11. However, the stock managed to close at $34.2, a loss of 0.44% for the day. On the previous day, the stock had closed at $34.35. The total traded volume of the day was 1,407,665 shares.
The company Insiders own 0.79% of CA shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -39.42% . Institutional Investors own 70.85% of CA shares. During last six month period, the net percent change held by insiders has seen a change of -39.42%. Also, Citigroup maintains its rating on CA (NASDAQ:CA). The global brokerage major raises the current price target from $32 per share to $33 per share. Analysts at the Citigroup have a current rating of Neutral on the shares. The rating by the firm was issued on July 28, 2016.
CA, Inc. (CA Technologies) is engaged in providing information technology (IT) management software and solutions. The Company operates through three business segments: Mainframe Solutions, Enterprise Solutions and Services. The Mainframe Solutions segment products allow customers and partners transform mainframe management. The Enterprise Solutions segment consists of products, including DevOps, which allows customers to unite application development and IT operations; Management Cloud, which includes the Companys IT Business Management (ITBM) solutions, API Management solutions and Enterprise Mobility Management solutions, and Security, which consists of identity and access management. The Services segment consists of product implementation, consulting, customer education and customer training.