Cray Inc (CRAY) has been under a strong bear grip, hence the stock is down -29.25% 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 3.25% in the past 1 week. The stock has risen by 3.31% in the past week indicating that the buyers are active at lower levels, but the stock is down -28.52% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 19.36% and the 50-Day Moving Average is 26.16%. Cray Inc (NASDAQ:CRAY): stock turned positive on Friday. Though the stock opened at $21.55, the bulls momentum made the stock top out at $22.72 level for the day. The stock recorded a low of $21.5 and closed the trading day at $22.16, in the green by 3.89%. The total traded volume for the day was 1,277,371. The stock had closed at $21.33 in the previous days trading.
The company Insiders own 5% of Cray Inc shares according to the proxy statements. Institutional Investors own 93.43% of Cray Inc shares. During last six month period, the net percent change held by insiders has seen a change of -9.35%. Also, Brokerage firm Stifel Nicolaus maintains its rating on Cray Inc (NASDAQ:CRAY). As per the latest information, the brokerage house lowers the price target to $40 per share from a prior target of $49. The shares have been rated Buy. 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.