Large Outflow of Money Witnessed in Vmware

Shares of Vmware (NYSE:VMW) advanced to $63.33. The price had gained 0.19% or 0.12 points intraday. The latest trading session witnessed $0.38 million in upticks and $1.35 million in downticks, resulting in net money flow of (-0.97) million. The up/down ratio for the day stood at 0.28. On a weekly scale, the price has seen a change of 2.01%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-0.95) million occurred during the day. $0 million in uptick and $0.95 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.


Currently the company Insiders own 0.52% of Vmware shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -9.84% . Institutional Investors own 20.69% of Vmware shares. During last six month period, the net percent change held by insiders has seen a change of -9.84%. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Poonen Sanjay, officer (EVP, GM, EUC, Head Global Mktg) of Vmware, Inc., had unloaded 5,500 shares at an average price of $60.08 in a transaction dated on May 31, 2016. The total value of the transaction was worth $330,440.

Vmware (NYSE:VMW) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.42 points or 0.66% at $62.79 with 2,250,298 shares getting traded. Post opening the session at $63.12, the shares hit an intraday low of $62.68 and an intraday high of $63.87 and the price was in this range throughout the day. The company has a market cap of $26,640 million and the number of outstanding shares have been calculated to be 424,272,590 shares. The 52-week high of Vmware (NYSE:VMW) is $93.43 and the 52-week low is $43.25.

Many analysts have stated their opinion on the company shares. Major Brokerage house, Cowen & Company downgrades its ratings on Vmware (NYSE:VMW). According to the latest information available, the shares are now rated Market Perform by the analysts at the agency. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on May 24, 2016.

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.

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