Splunk (SPLK) Shares are Up 1.18%

Splunk (SPLK) : Traders are bullish on Splunk (SPLK) as it has outperformed the S&P 500 by a margin of 1.5% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.56%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.18% in the last 1 week, and is up 8.35% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Splunk (NASDAQ:SPLK): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $58.43 and $57.88 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $59.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $59.40, notching a gain of 1.85% for the day. The total traded volume was 1,061,442 . The stock had closed at $58.32 on the previous day.


The stock has recorded a 20-day Moving Average of 5.3% and the 50-Day Moving Average is 6.72%. Splunk, Inc. is up 14.65% in the last 3-month period. Year-to-Date the stock performance stands at 1%.

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.

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