Veeva Systems (VEEV) : Traders are bullish on Veeva Systems (VEEV) as it has outperformed the S&P 500 by a wide margin of 7.01% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.79%, 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 0.76% in the last 1 week, and is up 7.42% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Veeva Systems Inc. is up 37.01% in the last 3-month period. Year-to-Date the stock performance stands at 37.44%. The stock has recorded a 20-day Moving Average of 3.82% and the 50-Day Moving Average is 9.26%.
Veeva Systems (NYSE:VEEV): The stock opened at $39.52 on Friday but the bulls could not build on the opening and the stock topped out at $39.75 for the day. The stock traded down to $39.33 during the day, due to lack of any buying support eventually closed down at $39.65 with a loss of -0.18% for the day. The stock had closed at $39.72 on the previous day. The total traded volume was 459,906 shares.
Also, Bank of America initiates coverage on Veeva Systems (NYSE:VEEV). In the latest research report, Bank of America announces the target price to $40 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on June 17, 2016.
Veeva Systems Inc. (Veeva) is a provider of cloud-based software solutions for the global life sciences industry. The Companys industry cloud for life sciences consists of the solution sets: Veeva CRM, its core customer relationship management solution and related solutions; Veeva Vault, its regulated content management and collaboration solutions; Veeva Network, its customer master data management solution, and Veeva OpenKey, its data and related services offerings. It provides updates to its software solutions three times per year. Updates are included in its subscription and are not subject to an additional fee. Upgrades are implemented by Veeva in its cloud computing environment such that when a new update is put into production, the prior version is replaced. Veeva OpenKey customer data is available in Australia, China, France, Italy, the United Kingdom and the United States.