Check Point Software Technologies Ltd. (CHKP) Shares Slide -5.93%

Check Point Software Technologies Ltd. (CHKP) : During the past 4 weeks, traders have been relatively bearish on Check Point Software Technologies Ltd. (CHKP), hence the stock is down -6.58% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.87% relative to the S&P 500. The 4-week change in the price of the stock is -3.44% and the stock has fallen -5.93% in the past 1 week.

The stock has recorded a 20-day Moving Average of 5.26% and the 50-Day Moving Average is 6.58%. Check Point Software Technologies Ltd. has dropped 7.23% during the last 3-month period . Year-to-Date the stock performance stands at -5.53%.


Check Point Software Technologies Ltd. (NASDAQ:CHKP): On Fridays trading session , Opening price of the stock was $77.7 with an intraday high of $78.19. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $76.41. However, the stock managed to close at $76.88, a loss of 1.32% for the day. On the previous day, the stock had closed at $77.91. The total traded volume of the day was 2,096,723 shares.

Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Check Point Software Technologies Ltd. (NASDAQ:CHKP). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Citigroup raises the price target from $88 per share to $89 per share. The rating by the firm was issued on July 27, 2016.

Check Point Software Technologies Ltd (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. The Checkpoints Software Blade architecture offers enterprises a common platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis, or multi-domain management. The Company offers these software blades grouped into functional packages to address specific security issues. Software-defined Protection (SDP) is a security architecture that is designed to protect against unknown threats.

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