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 (2.79 million) in Symantec Corporation (SYMC). On Thursday, The value of composite uptick trades was $6.09 million, whereas, the value of composite downtick trades was $8.88 million and the ratio between the two was 0.69, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $2.07 million. $0.3 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.14. The negative money flow of ($1.77 million) shows selling on strength. Symantec Corporation (SYMC) gained $0.04 intraday at $20.42 and registrered 0.17% for the week.


Symantec Corporation (SYMC) : The most positive equity analysts on Symantec Corporation (SYMC) expects the shares to touch $24, whereas, the least positive believes that the stock will trade at $14 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $20.65 with an expected fluctuation of $3.59 from the mean. The stock has recorded a 20-day Moving Average of 3.8% and the 50-Day Moving Average is 13.24%.

Symantec Corporation (NASDAQ:SYMC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.37 and $20.37 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.44, notching a gain of 0.29% for the day. The total traded volume was 4,971,504 . The stock had closed at $20.38 on the previous day.

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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