Cray Inc (CRAY) Shares are Up 1.22%

Cray Inc (CRAY) has been under a strong bear grip, hence the stock is down -26.18% 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 1.25% in the past 1 week. The stock has risen by 1.22% in the past week indicating that the buyers are active at lower levels, but the stock is down -25.9% in the past 4 weeks.

Cray Inc. has dropped 28.97% during the last 3-month period . Year-to-Date the stock performance stands at -30.88%. The stock has recorded a 20-day Moving Average of 11.64% and the 50-Day Moving Average is 22.05%.


Cray Inc (NASDAQ:CRAY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.18 and $21.99 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.44. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.43, notching a gain of 0.95% for the day. The total traded volume was 420,798 . The stock had closed at $22.22 on the previous day.

Also, Stifel Nicolaus maintains its view on Cray Inc (NASDAQ:CRAY) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Stifel Nicolaus lowers the price target from $49 per share to $40 per share on Cray Inc. The rating by the firm was issued on August 3, 2016.

Cray Inc. designs, develops, manufactures, markets and services the high-performance computing (HPC). The Company markets supercomputers and provides storage and analytics solutions. It also provides software, system maintenance and support services, and engineering services related to supercomputer systems. The Company operates through segments, which include Supercomputing, Storage and Data Management, Maintenance and Support and Engineering Services and Other. It provides three models of customer-focused solutions: integrated supercomputing and storage solutions with tuned software; commodity-based cluster supercomputing and storage solutions, and turn-key analytic solutions featuring industry standards and graph technologies. The Company offers its solutions by combining supercomputing, cluster, storage and analytics technology. Its customers include domestic and foreign Government, and Government-funded entities, academic institutions and commercial entities.

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