EMC Corporation (EMC) : Traders are bullish on EMC Corporation (EMC) as it has outperformed the S&P 500 by a wide margin of 0.84% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.1%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.53% in the last 1 week, and is up 3.34% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
EMC Corporation (NYSE:EMC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.22 and $28.19 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.44. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.43, notching a gain of 0.82% for the day. The total traded volume was 6,633,790 . The stock had closed at $28.20 on the previous day.
The stock has recorded a 20-day Moving Average of 1.45% and the 50-Day Moving Average is 2.53%. EMC Corporation is up 7.98% in the last 3-month period. Year-to-Date the stock performance stands at 11.66%.
EMC Corporation (EMC) : The consensus price target for EMC Corporation (EMC) is $29.18 for the short term with a standard deviation of $1.58. The most optimist securities analyst among the 17 who monitor the stock believes that the stock can reach $32, however, the pessimist price target for the company is $26.
EMC Corporation (EMC) is a service provider to information technology (IT) operations to an as a service model (ITaaS). It develops, delivers and supports the IT industrys range of information infrastructure and virtual infrastructure technologies, solutions and services. EMC manages the Company as part of a federation of businesses: EMC Information Infrastructure, VMware Virtual Infrastructure and Pivotal. EMC Information Infrastructure business consists of three divisons: Information Storage, Enterprise Content Division and RSA Information Security. EMC Information Infrastructure provides a foundation for organizations to store, manage, protect, analyze and secure quantities of information. VMware develops and markets its product and service offerings within three main product groups: Software-Defined Data Center, Cloud Services and End-User Computing. Pivotals three offerings include the Pivotal Big Data Suite, Pivotal Labs and Pivotal Cloud Foundry.