Veeco Instruments (VECO) : Investors lapped up stocks on upticks to the tune of $0.13 million in the Thursdays trading session. The trading value on downticks was comparatively at $0 million and the uptick to downtick ratio of 39.71 indicates continuous buying by the bulls. The net money flow into the stock was $0.13 million. Upticks saw transactions worth $0.1 clearly indicating buying by large investors. The total money flow for block trades stood at $0.1 million, which is a positive for the stock in the long-term. Veeco Instruments (VECO) fell $0.04 during the day at $17.22, a drop of -0.23% over the previous days close. However, for the week, the stock is 4.3%, compared to the previous week.
The stock has recorded a 20-day Moving Average of 3.88% and the 50-Day Moving Average is 1.43%. Shares have dropped -41.54% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $28.72 and the one year low was seen on Feb 23, 2016. The 50-Day Moving Average price is $17.08 and the 200 Day Moving Average price is recorded at $18.10.
Veeco Instruments (NASDAQ:VECO): The stock was completely flat for the day, closing at $17.26 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $17.50, the stock touched an intraday high of $17.55 and a low of $16.67. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $17.26. The total trading volume on Thursday was 129,829.
In an insider trading activity, The Securities and Exchange Commission has divulged that Miller William John, officer (EVP Process Equipment) of Veeco Instruments Inc, had unloaded 1,210 shares at an average price of $19.6 in a transaction dated on December 7, 2015. The total value of the transaction was worth $23,716.
Veeco Instruments Inc. (Veeco) designs, manufactures, and markets thin film equipment. The Companys equipment is primarily sold to make electronic devices including light emitting diodes (LED), power electronics, wireless devices, hard disk drives, and semiconductors. The Company sells its products and services worldwide primarily through various sales and service facilities in the United States, Europe, and Asia Pacific. The Companys systems, including its deposition and etch tools, are used in the creation of a range of microelectronic components, including light-emitting diode (LED), power semiconductors, thin film magnetic heads (TFMHs), and compound semiconductor devices. The Company offers Metal Organic Chemical Vapor Deposition Systems, Molecular Beam Epitaxy Systems, Fast Array Scanning Atomic Layer Deposition Systems, Precision Surface Processing Systems, Ion Beam Deposition Systems, Ion Beam Etch Systems and Other Data Storage Products.