Shares of ARRIS Group (ARRS) Rally 2.89%

ARRIS Group (ARRS) : Traders are bullish on ARRIS Group (ARRS) as it has outperformed the S&P 500 by a wide margin of 3.81% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.38%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.89% in the last 1 week, and is up 8.35% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 10.08% and the 50-Day Moving Average is 8.18%.

ARRIS Group (NASDAQ:ARRS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.75 and $24.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.03. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.91, notching a gain of 1.10% for the day. The total traded volume was 1,579,470 . The stock had closed at $24.64 on the previous day.


The company Insiders own 1.2% of ARRIS Group shares according to the proxy statements. Institutional Investors own 84.33% of ARRIS Group shares. In a related news,The (SVP, GLOBAL SUPPLY CHAIN) of Arris International Plc, Brennan James R sold 8,500 shares at $25.88 on May 5, 2016. The Insider selling transaction had a total value worth of $219,980. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.