Polycom (PLCM) : Investors lapped up stocks on upticks to the tune of $6.17 million in the Mondays trading session. The trading value on downticks was comparatively at $2.25 million and the uptick to downtick ratio of 2.74 indicates continuous buying by the bulls. The net money flow into the stock was $3.92 million. The block trades were dominated by the bulls with a healthy 11.5, uptick to downtick ratio. Only $0.4 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $4.6 clearly indicating buying by large investors. The total money flow for block trades stood at $4.2 million, which is a positive for the stock in the long-term. Polycom (PLCM) fell $0.01 during the day at $12.33, a drop of -0.04% over the previous days close. However, for the week, the stock is 0.61%, compared to the previous week.
Polycom, Inc. is up 3.53% in the last 3-month period. Year-to-Date the stock performance stands at -2.14%. Shares of Polycom, Inc. rose by 0.33% in the last five trading days and 4.5% for the last 4 weeks. In a related news, The director, of Polycom Inc, Mercer D Scott had unloaded 7,500 shares at $11.14 per share in a transaction on August 3, 2015. The total value of transaction was $83,550. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Polycom (NASDAQ:PLCM): On Mondays trading session , Opening price of the stock was $12.31 with an intraday high of $12.34. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $12.3. However, the stock managed to close at $12.32, a loss of 0.08% for the day. On the previous day, the stock had closed at $12.33. The total traded volume of the day was 4,000,502 shares.
Polycom, Inc. offers solutions for voice, video and content sharing. The Companys video, voice and content-management and content-sharing solutions include immersive telepresence and conference room systems, home/work office solutions, applications for mobile devices, browser-based video collaboration and cloud-delivered services. The Company operates in three geographic segments: Americas, Europe, Middle East and Africa (EMEA) and Asia Pacific (APAC). The Company offers various products and solutions, which include UC Group Systems, UC Platform and UC Personal Devices. UC Group Systems includes immersive telepresence, group video and group voice systems. UC Platform includes universal collaboration servers, virtualization management (distributed media optimization), resource management, and recording and streaming and remote access technologies that constitute the RealPresence Platform. UC Personal Devices includes desktop video devices and desktop voice products.