Vmware (NYSE:VMW) has been under a strong bear grip, hence the stock is down -7.86% 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 0.73% in the past 1 week. The stock has risen by 2.02% in the past week indicating that the buyers are active at lower levels, but the stock is down -6.38% in the past 4 weeks.
The company shares have dropped -29.38% from its 1 Year high price. On Aug 5, 2015, the shares registered one year high at $93.43 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $60.22 and the 200 Day Moving Average price is recorded at $54.00.
The stock has recorded a 20-day Moving Average of 0.78% and the 50-Day Moving Average is 0.05%.
Vmware (NYSE:VMW): stock turned positive on Friday. Though the stock opened at $58.48, the bulls momentum made the stock top out at $59.28 level for the day. The stock recorded a low of $58.305 and closed the trading day at $59.18, in the green by 2.16%. The total traded volume for the day was 1,897,362. The stock had closed at $57.93 in the previous days trading.
In an insider trading activity, Poonen Sanjay, officer (EVP, GM, EUC, Head Global Mktg) of Vmware, Inc., unloaded 5,500 shares at an average price of $60.08 on May 31, 2016. The total amount of the transaction was worth $330,440, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
VMware, Inc. is a provider of virtualization infrastructure solutions. The Company develops and markets its product and service offerings within three product groups, which include software-defined data center (SDDC), hybrid cloud computing and end-user computing (EUC). The Companys SDDC is designed to transform the data center into an on-demand service that addresses application requirements by abstracting, pooling and automating the services that are required from the underlying hardware. The hybrid cloud computing enables customers to utilize off-premise vSphere-based hybrid cloud computing capacity. End-user computing enables information technology (IT) organizations to deliver secure access to data, applications and devices to end users.