Finisar Corporation (FNSR) : Investors lapped up stocks on upticks to the tune of $0.54 million in the Fridays trading session. The trading value on downticks was comparatively at $0.21 million and the uptick to downtick ratio of 2.55 indicates continuous buying by the bulls. The net money flow into the stock was $0.33 million. Upticks saw transactions worth $0.32 clearly indicating buying by large investors. The total money flow for block trades stood at $0.32 million, which is a positive for the stock in the long-term. Finisar Corporation (FNSR) fell $0.05 during the day at $21.96, a drop of -0.23% over the previous days close. However, for the week, the stock is 7.17%, compared to the previous week.
The company Insiders own 1.34% of Finisar Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -3.74% . Institutional Investors own 92.2% of Finisar Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -16.44%.
In a related news, The Securities and Exchange Commission has divulged that Young Joseph A, officer (EVP Global Operations) of Finisar Corp, had unloaded 5,545 shares at an average price of $21.9 in a transaction dated on September 1, 2016. The total value of the transaction was worth $121,436.
Finisar Corporation (NASDAQ:FNSR): The stock opened at $22.23 and touched an intraday high of $22.34 on Friday. During the day, the stock corrected to an intraday low of $21.89, however, the bulls stepped in and pushed the price higher to close in the green at $22.32 with a gain of 1.41% for the day. The total traded volume for the day was 1,157,083. The stock had closed at $22.01 in the previous trading session.
Finisar Corporation (FNSR) : Traders are bullish on Finisar Corporation (FNSR) as it has outperformed the S&P 500 by a wide margin of 14.44% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.38%, 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 8.93% in the last 1 week, and is up 14.29% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Finisar Corporation (Finisar) is a provider of optical subsystems and components that are used in data communication and telecommunication applications. The Companys optical subsystems consist of transmitters, receivers, transceivers, transponders, optical engines and active optical cables that provide the fundamental optical-electrical, or optoelectronic, interface for interconnecting the electronic equipment used in communication networks, including the switches, routers and servers used in wireline networks, as well as the antennas and base stations used in wireless networks. These products rely on the use of semiconductor lasers and photodetectors in conjunction with integrated circuits and optoelectronic packaging to provide a means for transmitting and receiving digital signals over fiber optic cable at speeds ranging from less than one gigabit per second, to more than 100 gigabits per second, over distances of less than 10 meters to more than 2,000 kilometers.