Symantec Corporation (SYMC) : Traders are bullish on Symantec Corporation (SYMC) as it has outperformed the S&P 500 by a wide margin of 8.48% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.39%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.94% in the last 1 week, and is up 6.28% 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 4.07% and the 50-Day Moving Average is 12.86%.The 200 Day SMA reached 37.07% Symantec Corporation is up 26.65% in the last 3-month period. Year-to-Date the stock performance stands at 51.39%.
Symantec Corporation (SYMC) stock is expected to deviate a maximum of $4.29 from the average target price of $23.31 for the short term period. 13 Street Experts have initiated coverage on the stock with the most promising target being $30 and the most muted being $14.
Company shares have received an average consensus rating of Hold for the current week Symantec Corporation (NASDAQ:SYMC): The stock opened at $24.88 and touched an intraday high of $25.35 on Friday. During the day, the stock corrected to an intraday low of $24.88, however, the bulls stepped in and pushed the price higher to close in the green at $25.21 with a gain of 1.37% for the day. The total traded volume for the day was 15,882,081. The stock had closed at $24.87 in the previous trading session.
Symantec Corporation provides security, backup and availability solutions. The Company operates in three segments: Consumer Security, Enterprise Security, and Information Management. The Companys products and services offer protection of information in any environment from the mobile device, to the enterprise data center, to cloud-based systems. Consumers receive automatic downloads of the latest virus definitions, application bug fixes and patches for its consumer product. The Companys enterprise security support program offers annual maintenance support contracts, including content, upgrades and technical support. The Companys Consumer Security segment offers Norton-branded services, which provide multi-layer security and identity protection on desktop and mobile operating systems, to defend against online threats to individuals, families and small businesses.