CVENT (CVT) Shares are Down -5.4%

CVENT (CVT) : During the past 4 weeks, traders have been relatively bearish on CVENT (CVT), hence the stock is down -15% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.97% relative to the S&P 500. The 4-week change in the price of the stock is -9.26% and the stock has fallen -5.4% in the past 1 week.

CVENT (NYSE:CVT): The stock opened at $33.00 on Friday but the bulls could not build on the opening and the stock topped out at $33.13 for the day. The stock traded down to $31.40 during the day, due to lack of any buying support eventually closed down at $32.43 with a loss of -1.40% for the day. The stock had closed at $32.89 on the previous day. The total traded volume was 2,134,226 shares.


The stock has recorded a 20-day Moving Average of 6.93% and the 50-Day Moving Average is 8.33%. Cvent, Inc. has dropped 8.13% during the last 3-month period . Year-to-Date the stock performance stands at -7.1%.

Cvent, Inc. is a cloud-based enterprise event management platform. The Company provides solutions for both sides of the events and meetings value chain, such as event and meeting planners, and hotels and venues. The Companys integrated, cloud-based solution is used in the entire event lifecycle by allowing event and meeting planners to organize, market and manage their meetings, conferences, tradeshows and other events. Its hospitality cloud provides hotels and venues with a solution suite to generate, manage and measure their demand for group meetings. For the event and meeting planner side of the value chain, which includes corporations, associations, not-for-profits, Government agencies and universities, and events and meetings? It offers six product categories, which include event management software, enterprise solutions software, mobile event apps, pre- and post-event feedback management software, ticketing software and the Hospitality Cloud, which includes CSN.

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