Vmware (VMW) : Fridays money flow data in Vmware (VMW) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $24.14 million, whereas, $21.16 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.14, in favor of the bulls. The total money flow into the stock was $2.98 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $2.25 million. The total value of block trades done on upticks was $3.41 million. The value of bearish trades on downticks was only $1.16 million.The up/down ratio in the block trades was a healthy 2.95 in favor of the bulls, suggesting strong buying in the stock by large traders. Vmware (VMW) fell $0.83 and traded at $72.95, down -1.12% for the day, over previous days close. On a weekly basis, the shares are -1.75% over the previous weeks close.
The company Insiders own 0.52% of Vmware shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.33% . Institutional Investors own 22.13% of Vmware shares. During last six month period, the net percent change held by insiders has seen a change of -9.67%.
In a related news, The officer (Senior VP, Chief Legal Officer), of Vmware, Inc., Smith S. Dawn had unloaded 632 shares at $76.4 per share in a transaction on August 30, 2016. The total value of transaction was $48,285. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Vmware (NYSE:VMW): The stock was completely flat for the day, closing at $73.78 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $73.71, the stock touched an intraday high of $73.88 and a low of $72.75. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $73.78. The total trading volume on Friday was 3,646,866.
Vmware (VMW) has risen sharply, recording gains of 3.94% in the past 4 weeks. However, the stock has corrected -0.63% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.08% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
VMware, Inc. is a provider of virtualization infrastructure solutions. The Company develops and markets its product and service offerings within three product groups, which include software-defined data center (SDDC), hybrid cloud computing and end-user computing (EUC). The Companys SDDC is designed to transform the data center into an on-demand service that addresses application requirements by abstracting, pooling and automating the services that are required from the underlying hardware. The hybrid cloud computing enables customers to utilize off-premise vSphere-based hybrid cloud computing capacity. End-user computing enables information technology (IT) organizations to deliver secure access to data, applications and devices to end users.