PerkinElmer (PKI) Shares are Up 1.64%

PerkinElmer (PKI) has been under a strong bear grip, hence the stock is down -0.44% 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 1.67% in the past 1 week. The stock has risen by 1.64% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.05% in the past 4 weeks.

PerkinElmer Inc. is up 2.63% in the last 3-month period. Year-to-Date the stock performance stands at 3.66%. The stock has recorded a 20-day Moving Average of 0.09% and the 50-Day Moving Average is 2.14%.


PerkinElmer (NYSE:PKI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $54.77 and $54.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $55.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $55.30, notching a gain of 0.62% for the day. The total traded volume was 396,104 . The stock had closed at $54.96 on the previous day.

Also, Major Brokerage house, Mizuho Securities downgrades its ratings on PerkinElmer (NYSE:PKI). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on August 5, 2016.

PerkinElmer, Inc. is a provider of products, services and solutions to the diagnostics, research, environmental, industrial and laboratory services markets. The Company operates its business in two segments: Human Health and Environmental Health. The Companys Human Health segment concentrates on developing diagnostics, tools and applications to help detect diseases earlier and more accurately, and to accelerate the discovery and development of new therapies. The Companys Environmental Health segment provides products, services and solutions to facilitate the creation of safer food and consumer products, more secure surroundings and efficient energy resources. The Company markets its products and services in more than 150 countries.

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