Citrix Systems (NASDAQ:CTXS) has been under a strong bear grip, hence the stock is down -4.43% 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 2.64% in the past 1 week. The stock has risen by 3.96% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.88% in the past 4 weeks.
The company shares have rallied 19.14% from its 1 Year high price. On Apr 21, 2016, the shares registered one year high at $90.00 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $83.84 and the 200 Day Moving Average price is recorded at $77.06.
The stock has recorded a 20-day Moving Average of 0.86% and the 50-Day Moving Average is 0.34%.
Citrix Systems (NASDAQ:CTXS): stock turned positive on Friday. Though the stock opened at $81.43, the bulls momentum made the stock top out at $83.81 level for the day. The stock recorded a low of $80.94 and closed the trading day at $83.54, in the green by 3.53%. The total traded volume for the day was 1,730,062. The stock had closed at $80.69 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Demo Murray J, Director of CITRIX SYSTEMS INC, had unloaded 1,000 shares at an average price of $79.49 in a transaction dated on June 29, 2016. The total value of the transaction was worth $79,490.
Citrix Systems, Inc. provides virtualization, mobility management, networking and SaaS solutions to businesses. The Companys solutions offer secure, mobile workspaces that provide people with access to apps, desktops, data and communications on any device, over any network or cloud. It markets and licenses its products directly to customers. The Company operates through two segments: Enterprise and Service Provider division and the Mobility Apps division. Enterprise and Service Provider divisions Workspace services include mobile platforms, desktop and application virtualization, citrix workspace suite and delivery networking. Its Mobility Apps applications include communications cloud, documents cloud and workflow cloud. It also offers Professional Services and Technology products, which include Citrix HDX, FlexCast, Citrix personalization technologies, NetScaler Software Packet Engine, ByteMobile Adaptive Traffic Management System, XenMobile and Citrix Internet, among others.