Company Shares of Symantec Corporation Rally 15.43%

Symantec Corporation (NASDAQ:SYMC) has climbed 15.43% in the past week and advanced 18.03% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 16.82% and the outperformance has advanced to 16.95% for the last 4 weeks period.

Symantec Corporation (NASDAQ:SYMC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.86 and $19.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.97, notching a gain of 0.96% for the day. The total traded volume was 39,377,188 . The stock had closed at $19.78 on the previous day.

The company shares have dropped -16.16% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $24.39 and the one year low was seen on Mar 4, 2016. The 50-Day Moving Average price is $17.30 and the 200 Day Moving Average price is recorded at $18.75.

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Vautrinot Suzanne M, director of Symantec Corp, had unloaded 3,750 shares at an average price of $19 in a transaction dated on June 15, 2016. The total value of the transaction was worth $71,250.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, BTIG Research, upgrades their rating on the shares of Symantec Corporation (NASDAQ:SYMC). BTIG Research has a Buy rating on the shares. Previously, the analysts had a Neutral rating on the shares. As per the latest report, the brokerage house announces the price target to $23 per share. The rating by the firm was issued on June 16, 2016. Currently the company Insiders own 0.18% of Symantec Corporation shares according to the proxy statements. Institutional Investors own 96.78% of Symantec Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -7.99%.

Symantec Corporation provides security, backup and availability solutions. The Company operates in three segments: Consumer Security, Enterprise Security, and Information Management. The Companys products and services offer protection of information in any environment from the mobile device, to the enterprise data center, to cloud-based systems. Consumers receive automatic downloads of the latest virus definitions, application bug fixes and patches for its consumer product. The Companys enterprise security support program offers annual maintenance support contracts, including content, upgrades and technical support. The Companys Consumer Security segment offers Norton-branded services, which provide multi-layer security and identity protection on desktop and mobile operating systems, to defend against online threats to individuals, families and small businesses.

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