Vmware (VMW) : Traders are bullish on Vmware (VMW) as it has outperformed the S&P 500 by a margin of 14.49% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 14.57%, 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 15.27% in the last 1 week, and is up 22.22% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Vmware (NYSE:VMW): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $70.69 and $70.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $71.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $71.55, notching a gain of 1.22% for the day. The total traded volume was 1,958,578 . The stock had closed at $70.69 on the previous day.
The stock has recorded a 20-day Moving Average of 18.12% and the 50-Day Moving Average is 18.01%. VMware, Inc. is up 22.73% in the last 3-month period. Year-to-Date the stock performance stands at 26.48%.
VMware, Inc. is a provider of virtualization infrastructure solutions. The Company develops and markets its product and service offerings within three product groups, which include software-defined data center (SDDC), hybrid cloud computing and end-user computing (EUC). The Companys SDDC is designed to transform the data center into an on-demand service that addresses application requirements by abstracting, pooling and automating the services that are required from the underlying hardware. The hybrid cloud computing enables customers to utilize off-premise vSphere-based hybrid cloud computing capacity. End-user computing enables information technology (IT) organizations to deliver secure access to data, applications and devices to end users.