Large Outflow of Money Witnessed in Symantec Corporation

Symantec Corporation (SYMC) : The total negative money flow of $1.18 million on Wednesday indicates selling on strength. The inflow of money on upticks was $2.62 million, compared to $3.8 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.69. The negative money flow of $1.01 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $0.75 million in a block trade.The transaction value of block trade on downtick was $1.76 million. The uptick to downtick ratio was 0.43. The price action in the Symantec Corporation (SYMC) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $25.18 with a gain of $0.02 , a change of 0.08% over the previous days close. The stock registered 0.56% for the week.


Shares of Symantec Corporation rose by 0.76% in the last five trading days and 4.72% for the last 4 weeks. Symantec Corporation is up 24.58% in the last 3-month period. Year-to-Date the stock performance stands at 51.75%.

Symantec Corporation (SYMC) has an average broker rating of 2.4, which is interpreted as a Buy, as rated by 20 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 12 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.

Symantec Corporation (NASDAQ:SYMC): The stock opened at $25.21 and touched an intraday high of $25.31 on Wednesday. During the day, the stock corrected to an intraday low of $25.06, however, the bulls stepped in and pushed the price higher to close in the green at $25.27 with a gain of 0.44% for the day. The total traded volume for the day was 6,164,761. The stock had closed at $25.16 in the previous trading session.

Symantec Corporation provides security, backup and availability solutions. The Company operates in three segments: Consumer Security, Enterprise Security, and Information Management. The Companys products and services offer protection of information in any environment from the mobile device, to the enterprise data center, to cloud-based systems. Consumers receive automatic downloads of the latest virus definitions, application bug fixes and patches for its consumer product. The Companys enterprise security support program offers annual maintenance support contracts, including content, upgrades and technical support. The Companys Consumer Security segment offers Norton-branded services, which provide multi-layer security and identity protection on desktop and mobile operating systems, to defend against online threats to individuals, families and small businesses.

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