VeriSign (VRSN) : During the past 4 weeks, traders have been relatively bearish on VeriSign (VRSN), hence the stock is down -10.43% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -9.82% relative to the S&P 500. The 4-week change in the price of the stock is -10.09% and the stock has fallen -9.85% in the past 1 week.
VeriSign, Inc. has dropped 9.75% during the last 3-month period . Year-to-Date the stock performance stands at -14.09%. The stock has recorded a 20-day Moving Average of 9.52% and the 50-Day Moving Average is 10.53%.
VeriSign (NASDAQ:VRSN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $74.23 and $74.16 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $75.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $75.05, notching a gain of 1.15% for the day. The total traded volume was 2,270,565 . The stock had closed at $74.20 on the previous day.
Also, In a research note released to the investors, JP Morgan maintains its rating on VeriSign (NASDAQ:VRSN).The analysts at the brokerage house have a current rating of Underweight on the shares. In a recent information released to the investors, JP Morgan raises the new price target from $84 per share to $88 per share. The rating by the firm was issued on July 29, 2016.
VeriSign, Inc. is a global provider of domain name registry services and Internet security, enabling Internet navigation for domain names and providing protection for Websites and enterprises around the world (Registry Services). The Companys product suite also includes Network Intelligence and Availability (NIA) Services consisting of Distributed Denial of Service (DDoS) Protection Services, Verisign iDefense Security Intelligence Services (iDefense) and Managed Domain Name System (Managed DNS) Services. The Companys Registry Services provides the security, stability and resiliency of Internet infrastructure and services, including the .com and .net domains, two of the Internets root servers, and operation of the root-zone maintainer functions for the core of the Internets Domain Name System (DNS). The Company has operations inside, as well as outside the United States.