The NASDAQ OMX Group (NDAQ) has risen sharply, recording gains of 3.91% in the past 4 weeks. However, the stock has corrected -1.45% 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 2.85% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.69% and the 50-Day Moving Average is 5.18%. The NASDAQ OMX Group (NASDAQ:NDAQ): stock turned positive on Friday. Though the stock opened at $69.88, the bulls momentum made the stock top out at $70.25 level for the day. The stock recorded a low of $69.64 and closed the trading day at $70.15, in the green by 0.17%. The total traded volume for the day was 947,101. The stock had closed at $70.03 in the previous days trading.
The company Insiders own 2.2% of The NASDAQ OMX Group shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -28.48% . Institutional Investors own 76.12% of The NASDAQ OMX Group shares. During last six month period, the net percent change held by insiders has seen a change of -28.48%. Also, In a research note released to the investors, Barclays maintains its rating on The NASDAQ OMX Group (NASDAQ:NDAQ).The analysts at the brokerage house have a current rating of Overweight on the shares. In a recent information released to the investors, Barclays raises the new price target from $74 per share to $80 per share. The rating by the firm was issued on August 9, 2016.
Nasdaq Inc (Nasdaq), formerly The NASDAQ OMX Group, Inc., is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services across six continents. The Company manages, operates and provides its products and services in four segments: Market Services, Listing Services, Information Services and Technology Solutions. The Companys Market Services segment includes its equity derivative trading and clearing, cash equity trading, fixed income, currency and commodities trading and clearing, and access and broker services businesses. The Company operates a range of listing platforms around the world to provide multiple global capital raising solutions for private and public companies. Its Information Services segment includes its Data Products and its Index Licensing and Services businesses. Its Technology Solutions segment includes its Corporate Solutions and Market Technology businesses.