Veeva Systems (VEEV) : Traders are bullish on Veeva Systems (VEEV) as it has outperformed the S&P 500 by a margin of 0.8% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.92%, 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 1.54% in the last 1 week, and is up 7.61% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Veeva Systems (NYSE:VEEV): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.20 and $36.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.96. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.91, notching a gain of 1.82% for the day. The total traded volume was 920,256 . The stock had closed at $36.25 on the previous day.
The stock has recorded a 20-day Moving Average of 4.08% and the 50-Day Moving Average is 10.74%. Veeva Systems Inc. is up 36.2% in the last 3-month period. Year-to-Date the stock performance stands at 27.94%.
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.