Mentor Graphics Corporation (NASDAQ:MENT) : During the past 4 weeks, traders have been relatively bearish on Mentor Graphics Corporation (NASDAQ:MENT), hence the stock is down -3.97% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.47% relative to the S&P 500. The stock has risen by 0.8% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.42% in the past 4 weeks.
The company shares have dropped -18.44% from its 1 Year high price. On Nov 11, 2015, the shares registered one year high at $28.09 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $21.42 and the 200 Day Moving Average price is recorded at $19.56.
The stock has recorded a 20-day Moving Average of 0.07% and the 50-Day Moving Average is 2.25%.
Mentor Graphics Corporation (NASDAQ:MENT): stock turned positive on Friday. Though the stock opened at $21, the bulls momentum made the stock top out at $21.4 level for the day. The stock recorded a low of $20.78 and closed the trading day at $21.37, in the green by 2.54%. The total traded volume for the day was 888,105. The stock had closed at $20.84 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Barnes Keith, director of Mentor Graphics Corp, had unloaded 2,982 shares at an average price of $21.79 in a transaction dated on June 20, 2016. The total value of the transaction was worth $64,978.
Mentor Graphics Corporation is a supplier of electronic design automation (EDA) tools – computer software and emulation hardware systems used to automate the design, analysis and testing of complex electro-mechanical systems, electronic hardware and embedded systems software in electronic systems and components. The Companys products are used in the design and development of a diverse set of electronic products, including automotive electronics, computers and workstations, digital cameras, cellular telephones, medical devices, smart phones, industrial electronics and manufacturing systems. The Company segregated revenues into five categories of similar products and services: Scalable Verification, IC Design to Silicon, Integrated System Design, New and Emerging Products, and Services and Other.