Shares of Symantec Corporation (SYMC) Sees Large Outflow of Money

Symantec Corporation (SYMC) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (3.88 million) in Symantec Corporation (SYMC). On Thursday, The value of composite uptick trades was $5.61 million, whereas, the value of composite downtick trades was $9.49 million and the ratio between the two was 0.59, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $4.79 million. $1.45 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.3. The negative money flow of ($3.33 million) shows selling on strength. Symantec Corporation (SYMC) gained $0.04 intraday at $21.14 and registrered 0.19% for the week.


The stock has recorded a 20-day Moving Average of 2.45% and the 50-Day Moving Average is 13.74%. Shares have dropped -11.26% from its 1 Year high price. On Jul 15, 2015, the shares registered one year high at $23.99 and the one year low was seen on Mar 4, 2016. The 50-Day Moving Average price is $18.97 and the 200 Day Moving Average price is recorded at $18.77.

Symantec Corporation (NASDAQ:SYMC): The stock opened at $21.22 on Thursday but the bulls could not build on the opening and the stock topped out at $21.30 for the day. The stock traded down to $20.93 during the day, due to lack of any buying support eventually closed down at $20.94 with a loss of -0.76% for the day. The stock had closed at $21.10 on the previous day. The total traded volume was 5,181,829 shares.

In an insider trading activity,The director of Symantec Corp, Vautrinot Suzanne M sold 3,750 shares at $20.39 on July 5, 2016. The Insider selling transaction had a total value worth of $76,463. The Insider information was disclosed 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.

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