ARRIS Group (ARRS) : Traders are bullish on ARRIS Group (ARRS) as it has outperformed the S&P 500 by a wide margin of 23.91% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 9.56%, 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 9.49% in the last 1 week, and is up 28.07% 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 12.55% and the 50-Day Moving Average is 16.15%. ARRIS International plc is up 19.63% in the last 3-month period. Year-to-Date the stock performance stands at -10.89%.
ARRIS Group (NASDAQ:ARRS): stock turned positive on Friday. Though the stock opened at $27.15, the bulls momentum made the stock top out at $27.3 level for the day. The stock recorded a low of $26.45 and closed the trading day at $27.24, in the green by 0.96%. The total traded volume for the day was 2,582,403. The stock had closed at $26.98 in the previous days trading.
Also, Brokerage firm Jefferies maintains its rating on ARRIS Group (NASDAQ:ARRS). As per the latest information, the brokerage house raises the price target to $34 per share from a prior target of $31. The shares have been rated Buy. The rating by the firm was issued on July 29, 2016.