Castlight Health (CSLT) has risen sharply, recording gains of 6.25% in the past 4 weeks. However, the stock has corrected -5.56% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.84% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Castlight Health, Inc. is up 1.43% in the last 3-month period. Year-to-Date the stock performance stands at -0.47%. The stock has recorded a 20-day Moving Average of 7.05% and the 50-Day Moving Average is 2.78%.
Castlight Health (NYSE:CSLT): The stock opened at $4.35 on Friday but the bulls could not build on the opening and the stock topped out at $4.49 for the day. The stock traded down to $4.23 during the day, due to lack of any buying support eventually closed down at $4.25 with a loss of -2.97% for the day. The stock had closed at $4.38 on the previous day. The total traded volume was 290,065 shares.
Castlight Health, Inc. is a provider of cloud-based software that enables enterprises to understand and manage health care spending as a business investment, and help employees and their families make medical decisions. The Companys Enterprise Healthcare Cloud provides information to its employees, implementing technology-enabled benefit designs and integrating systems and applications. The Company deploys consumer-oriented applications that deliver employee engagement and enable employers to integrate benefit programs into one platform available to employees and their families. The Companys Enterprise Healthcare Cloud offering transforms data into transparent and useful information. This data include external data, which it obtains from sources, such as health care providers, insurance companies, governmental agencies and quality-monitoring organizations, as well as internal data generated through the usage of its applications.