Vmware (VMW) : Traders are bullish on Vmware (VMW) as it has outperformed the S&P 500 by a wide margin of 21.72% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.07%, 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 2% in the last 1 week, and is up 25.81% 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 13.6% and the 50-Day Moving Average is 17.54%. VMware, Inc. is up 28.24% in the last 3-month period. Year-to-Date the stock performance stands at 29.01%.
Vmware (NYSE:VMW): stock turned positive on Friday. Though the stock opened at $72.81, the bulls momentum made the stock top out at $73.14 level for the day. The stock recorded a low of $72.35 and closed the trading day at $72.98, in the green by 0.01%. The total traded volume for the day was 1,588,223. The stock had closed at $72.97 in the previous days trading.
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.