Large Inflow of Money Detected in Gigamon

Gigamon (GIMO) stock had a bullish inflow of $0.17 million worth of trades on uptick and an outflow of $0.04 million in downticks on Thursday. The total uptick to downtick ratio stood at 4.15. The net money flow into the stock was $0.13 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $0.1 million. $0.1 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Gigamon (GIMO) stock traded down $0.04 , and reached $39.94, a drop of -0.1% over the previous day. On a weekly basis, the stock is 0.53%, over the previous weeks close.


The stock has recorded a 20-day Moving Average of 6.65% and the 50-Day Moving Average is 18.73%. Shares have rallied 27.69% from its 1 Year high price. On Jul 11, 2016, the shares registered one year high at $41.54 and the one year low was seen on Sep 29, 2015. The 50-Day Moving Average price is $34.73 and the 200 Day Moving Average price is recorded at $29.41.

Gigamon (NYSE:GIMO): The stock opened at $40.40 on Thursday but the bulls could not build on the opening and the stock topped out at $40.40 for the day. The stock traded down to $39.45 during the day, due to lack of any buying support eventually closed down at $39.78 with a loss of -0.50% for the day. The stock had closed at $39.98 on the previous day. The total traded volume was 340,077 shares.

In an insider trading activity, The Securities and Exchange Commission has divulged that Burns Mike, officer (Chief Financial Officer) of Gigamon Inc., had unloaded 2,068 shares at an average price of $37.27 in a transaction dated on June 22, 2016. The total value of the transaction was worth $77,074.

Gigamon Inc. offers a solution that delivers visibility and control of traffic across networks. The Companys Unified Visibility Fabric solution consists of a distributed system of nodes (or a Fabric) that enables a level of visibility, modification and control of network traffic. The Visibility Fabric spans physical appliances, virtual nodes and traffic from remote sites to enable visibility of network infrastructures. Its Fabric enables IT organizations to gain visibility into infrastructure by forwarding selected traffic of interest from network and server infrastructure to management, analysis, compliance and security tools. Its product offering includes a single product family comprising its GigaVUE, GigaSECURE, GigaSMART and GigaTAP products. Its GigaSMART platform provides a range of software applications to modify, manipulate, transform, filter, correlate and sample network traffic.

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