Splunk (NASDAQ:SPLK) has been under a strong bear grip, hence the stock is down -0.75% 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 2.48% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.79% in the last 1 week, and is up 0.85% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -20.43% from its 1 Year high price. On Jul 24, 2015, the shares registered one year high at $76.85 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $56.41 and the 200 Day Moving Average price is recorded at $49.62.
The stock has recorded a 20-day Moving Average of 0.73% and the 50-Day Moving Average is 4.84%.
Splunk (NASDAQ:SPLK): stock turned positive on Friday. Though the stock opened at $55.23, the bulls momentum made the stock top out at $57.0199 level for the day. The stock recorded a low of $54.97 and closed the trading day at $56.63, in the green by 3.21%. The total traded volume for the day was 1,353,715. The stock had closed at $54.87 in the previous days trading.
In an insider trading activity,The Officer (Svp, General Counsel & Sec.) of SPLUNK INC, Stein Leonard R sold 7,997 shares at $60 on June 23, 2016. The Insider selling transaction had a total value worth of $479,820. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Splunk Inc. is a provider of software products that allow organizations to gain real-time operational intelligence by harnessing the value of their data. The Companys products allow users to collect, index, search, explore, monitor and analyze data regardless of format or source. The Companys products address diverse data sets referred to as big data and are specifically tailored for machine-generated data. The Companys flagship product is Splunk Enterprise, which is a machine data engine, consisting of collection, indexing, search, reporting, analysis, alerting, and monitoring and data management capabilities. The Companys Splunk Cloud service delivers the core functionalities of Splunk Enterprise as a cloud service. In addition, the Company offers user behavioral analytics to help detect, respond to and mitigate advanced, hidden and insider threats.