National Instruments Corporation (NATI) Shares are Up 1.15%

National Instruments Corporation (NATI) has been under a strong bear grip, hence the stock is down -2.76% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.18% in the past 1 week. The stock has risen by 1.15% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.39% in the past 4 weeks.

National Instruments Corporation is up 3.74% in the last 3-month period. Year-to-Date the stock performance stands at 0.45%. The stock has recorded a 20-day Moving Average of 0.44% and the 50-Day Moving Average is 1.27%.


National Instruments Corporation (NASDAQ:NATI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.84 and $27.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.19, notching a gain of 0.75% for the day. The total traded volume was 511,303 . The stock had closed at $27.98 on the previous day.

Also, Major Brokerage house, Stifel Nicolaus maintains its ratings on National Instruments Corporation (NASDAQ:NATI). In the latest research report, Stifel Nicolaus lowers the target price from $33 per share to $32 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on July 28, 2016.

National Instruments Corporation (NI) designs, manufactures and sells systems to engineers and scientists. The Company offers graphical system design approach to engineering, which provides a software and hardware platform for the development of systems needing measurement and control. The Company offers a line of measurement, automation and control products to work either separately, as stand-alone products or as an integrated system or as an integrated system. The Company offers volume licensing. The Company offers products, technology and services, which include system design software, programming tools, application software, hardware products and related driver software, NI education platform, software products for teaching and hardware products for teaching. The Company also offers NI Services, including hardware services and maintenance, software maintenance services and training and certification.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.