Motorola Solutions (MSI) : Traders are bullish on Motorola Solutions (MSI) as it has outperformed the S&P 500 by a wide margin of 11.43% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.45%, 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 2.41% in the last 1 week, and is up 11.85% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Motorola Solutions, Inc. is up 11.72% in the last 3-month period. Year-to-Date the stock performance stands at 12.86%. The stock has recorded a 20-day Moving Average of 6.05% and the 50-Day Moving Average is 10.97%.
Motorola Solutions (NYSE:MSI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $75.74 and $75.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $76.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $76.34, notching a gain of 0.46% for the day. The total traded volume was 795,650 . The stock had closed at $75.99 on the previous day.
Also, Equity Analysts at the Deutsche Bank maintains the rating on Motorola Solutions (NYSE:MSI). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency raises the price target from $67 per share to $68 per share. The rating by the firm was issued on August 5, 2016.
Motorola Solutions, Inc. provides communication infrastructure, devices, accessories, software and services. The Company operates business in two segments: Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories and software. The primary customers of the Products segment are Government, public safety and first-responder agencies, municipalities, and commercial and industrial customers. The Products segment has two principal product lines: devices and systems. The Services segment provides a set of service offerings for Government, public safety and commercial communication networks. The Services segment has the following principal product lines: Integration services, Lifecycle Support services, Managed services, Smart Public Safety Solutions and Integrated Digital Enhanced Network (iDEN) services. The Company serves customers in more than 100 countries.