TiVo (TIVO) : Traders are bullish on TiVo (TIVO) as it has outperformed the S&P 500 by a wide margin of 1.17% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.51%, 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 0.57% in the last 1 week, and is up 2.22% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.96% and the 50-Day Moving Average is 4.01%. TiVo (NASDAQ:TIVO): stock turned positive on Friday. Though the stock opened at $10.57, the bulls momentum made the stock top out at $10.61 level for the day. The stock recorded a low of $10.56 and closed the trading day at $10.61, in the green by 0.19%. The total traded volume for the day was 975,399. The stock had closed at $10.59 in the previous days trading.
The company Insiders own 6.9% of TiVo shares according to the proxy statements. Institutional Investors own 76.24% of TiVo shares. Also, Equity analysts at the Brokerage firm MKM Partners downgrades its rating on TiVo (NASDAQ:TIVO). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on June 1, 2016.
TiVo Inc. (TiVo) is a provider of television software services and cloud-based software-as-a-service solutions that enable viewers to consume content from a range of sources, across a variety of screens in and out of the home. The Company offers a whole-home solution that includes 4-Tuner and 6-Tuner digital video recorders (DVRs)/gateways, non-DVR IP set-top boxes (STBs), and software to enable streaming to application on third-party devices, such as iOS and Android mobile phones and tablets. The Company generates revenues from four sources: Consumer Service, Television Service Providers (also referred to as MSOs or Pay TV Operators), Advertising and Research Services, and Licensing. TiVos technology for enabling the TiVo service includes the TiVo service client software platform, mobile apps, the TiVo service infrastructure and TiVo-enabled hardware designs. The Company distributes its software, technology and services through a range of consumer electronic applications and devices.