CDK Global (NASDAQ:CDK) has tumbled 3.72% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.82% in the last four weeks. The stocks have underperformed the S&P 500 by 2.56% during the past week but CDK Global (NASDAQ:CDK) it has outperformed the index in 4 weeks by 2.87%.
CDK Global (NASDAQ:CDK): The stock opened at $55.29 on Friday but the bulls could not build on the opening and the stock topped out at $55.50 for the day. The stock traded down to $54.65 during the day, due to lack of any buying support eventually closed down at $54.92 with a loss of -1.19% for the day. The stock had closed at $55.58 on the previous day. The total traded volume was 3,953,455 shares.
The company shares have dropped -1.13% from its 1 Year high price. On Jun 9, 2016, the shares registered one year high at $58.16 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $53.34 and the 200 Day Moving Average price is recorded at $47.61.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (VP & President, ARNA) of Cdk Global, Inc., Karp Robert N. had sold 27,573 shares worth of $1,519,824 in a transaction dated June 1, 2016. In this transaction, 27,573 shares were sold at $55.12 per share.
Many analysts have stated their opinion on the company shares. JP Morgan upgrades its view on CDK Global (NASDAQ:CDK) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Underweight. JP Morgan raises the price target from $43 per share to $49 per share on CDK Global . The rating by the firm was issued on April 6, 2016. Currently the company Insiders own 0.3% of CDK Global shares according to the proxy statements. Institutional Investors own 85.28% of CDK Global shares.
CDK Global, Inc. is a global provider, both integrated technology and digital marketing/advertising solutions to the automotive retail industry. The Companys solutions automate and integrate critical workflow processes from pre-sale targeted advertising and marketing campaigns to the sale, financing, insurance, parts supply, repair and maintenance of vehicles, with an increasing focus on utilizing big data analytics and predictive intelligence. The Companys solutions address the entire automotive retailers value chain. The Company operates in three segments: Automotive Retail Solutions North America (North American Automotive Retail), Automotive Retail Solutions International (International Automotive Retail), and Digital Marketing Solutions (Digital Marketing).