On a relative basis, the stock has outperformed the S&P 500 by 0.47% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.16% in the last 1 week, and is up 4.86% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 1.96% and the 50-Day Moving Average is 13.2%.
Symantec Corporation (NASDAQ:SYMC): The stock was completely flat for the day, closing at $20.94 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $21.11, the stock touched an intraday high of $21.11 and a low of $20.88. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $20.94. The total trading volume on Friday was 4,635,085.
The company Insiders own 0.18% of Symantec Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -14.75% . Institutional Investors own 96.22% of Symantec Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -9.79%. In a related news, Vautrinot Suzanne M, director of Symantec Corp, unloaded 3,750 shares at an average price of $20.39 on July 5, 2016. The total amount of the transaction was worth $76,463, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Symantec Corporation provides security, backup and availability solutions. The Company operates in three segments: Consumer Security, Enterprise Security, and Information Management. The Companys products and services offer protection of information in any environment from the mobile device, to the enterprise data center, to cloud-based systems. Consumers receive automatic downloads of the latest virus definitions, application bug fixes and patches for its consumer product. The Companys enterprise security support program offers annual maintenance support contracts, including content, upgrades and technical support. The Companys Consumer Security segment offers Norton-branded services, which provide multi-layer security and identity protection on desktop and mobile operating systems, to defend against online threats to individuals, families and small businesses.