Shares of Check Point Software Technologies Ltd. (CHKP) Sees Large Outflow of Money

Check Point Software Technologies Ltd. (CHKP) : The total money flow in Check Point Software Technologies Ltd. (CHKP) was negative ($1.81 million), showing the domination of sellers in the Thursday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $16.28 million. Transactions on upticks were comparatively lower at $14.47 million. The uptick to downtick ratio was 0.89. The total block trades on downticks were valued at $1.49 million. The money flow during block trades was negative ($1.49 million) when the stock traded with a gain of $6 cent. Check Point Software Technologies Ltd. (CHKP) was $81.69, an increase of 0.07% over the previous days close.


Check Point Software Technologies Ltd. (CHKP) : The highest short term price target forecast on Check Point Software Technologies Ltd. (CHKP) is $105 and the lowest target price is $84. A total of 11 equity analysts are currently covering the company. The average price of all the analysts is $92.82 with a standard deviation of $6. The stock has recorded a 20-day Moving Average of 0.56% and the 50-Day Moving Average is 0.94%.

Check Point Software Technologies Ltd. (NASDAQ:CHKP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $81.48 and $81.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $81.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $81.86, notching a gain of 0.28% for the day. The total traded volume was 1,600,285 . The stock had closed at $81.63 on the previous day.

Check Point Software Technologies Ltd (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. The Checkpoints Software Blade architecture offers enterprises a common platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis, or multi-domain management. The Company offers these software blades grouped into functional packages to address specific security issues. Software-defined Protection (SDP) is a security architecture that is designed to protect against unknown threats.

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