Violin Memory (NYSE:VMEM) has climbed 19.64% in the past week and advanced 181.34% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 21.07% and the outperformance has advanced to 178.77% for the last 4 weeks period.
Violin Memory (NYSE:VMEM): The stock opened at $1.05 on Friday but the bulls could not build on the opening and the stock topped out at $1.05 for the day. The stock traded down to $0.77 during the day, due to lack of any buying support eventually closed down at $0.88 with a loss of -15.36% for the day. The stock had closed at $1.04 on the previous day. The total traded volume was 2,227,570 shares.
The company shares have dropped -66.15% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $2.72 and the one year low was seen on May 10, 2016. The 50-Day Moving Average price is $0.48 and the 200 Day Moving Average price is recorded at $0.65.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Violin Memory Inc, Listwin Donald J, had purchased 500,000 shares in a transaction dated on May 31, 2016. The transaction was executed at $0.49 per share with total amount equaling $245,000.
Currently the company Insiders own 4.2% of Violin Memory shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 27.47% . Institutional Investors own 27.9% of Violin Memory shares. During last six month period, the net percent change held by insiders has seen a change of 27.47%.
Violin Memory, Inc. has developed a new class of flash-based storage solutions that are designed to bring storage performance in-line with applications, servers and networks. The Companys Flash Storage Platform and All Flash Arrays are specifically designed at each level of the system architecture to leverage the inherent capabilities of flash memory and meet the sustained performance requirements of business-critical applications, virtualized environments and Big Data in the cloud and in enterprise data center. The Flash Storage Platform runs its Concerto OS 7, a single operating system with integrated continuous data protection, in-line block de-duplication and compression, stretch metro cluster and Logical Unit Number (LUN) mirroring, as well as its suite of other Enterprise Data Services.