Splunk (SPLK) has been under a strong bear grip, hence the stock is down -0.66% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.74% in the past 1 week. The stock has risen by 0.91% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.2% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.76% and the 50-Day Moving Average is 3.28%.The 200 Day SMA reached 11.02%
Splunk (NASDAQ:SPLK): After opening at $57.75, the stock dipped to an intraday low of $57.41 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $58.89 and the buying power remained strong till the end. The stock closed at $58.68 for the day, a gain of 1.65% for the day session. The total traded volume was 1,470,323. The stocks close on the previous trading day was $58.68.
Splunk (SPLK) : Average target price received by Splunk (SPLK) is $68.44 with an expected standard deviation of $13.01. The most aggressive target on the stock is $90, whereas the most downbeat target is $30. 25 financial analysts are currently covering the stock.
Splunk Inc. is a provider of software products that allow organizations to gain real-time operational intelligence by harnessing the value of their data. The Companys products allow users to collect, index, search, explore, monitor and analyze data regardless of format or source. The Companys products address diverse data sets referred to as big data and are specifically tailored for machine-generated data. The Companys flagship product is Splunk Enterprise, which is a machine data engine, consisting of collection, indexing, search, reporting, analysis, alerting, and monitoring and data management capabilities. The Companys Splunk Cloud service delivers the core functionalities of Splunk Enterprise as a cloud service. In addition, the Company offers user behavioral analytics to help detect, respond to and mitigate advanced, hidden and insider threats.