Vmware (VMW) has been under a strong bear grip, hence the stock is down -1.33% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.34% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.88% in the last 1 week, and is up 2.99% 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 5.04% and the 50-Day Moving Average is 4.28%.
Vmware (NYSE:VMW): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $61.32 and $60.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $62.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $62.07, notching a gain of 1.69% for the day. The total traded volume was 1,944,357 . The stock had closed at $61.04 on the previous day.
The company Insiders own 0.52% of Vmware shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -9.84% . Institutional Investors own 20.62% of Vmware shares. During last six month period, the net percent change held by insiders has seen a change of -9.84%. In a related news, The Securities and Exchange Commission has divulged that Poonen Sanjay, officer (EVP, GM, EUC, Head Global Mktg) of Vmware, Inc., had unloaded 5,500 shares at an average price of $60.08 in a transaction dated on May 31, 2016. The total value of the transaction was worth $330,440.
VMware, Inc. is a provider of virtualization infrastructure solutions. The Company develops and markets its product and service offerings within three product groups, which include software-defined data center (SDDC), hybrid cloud computing and end-user computing (EUC). The Companys SDDC is designed to transform the data center into an on-demand service that addresses application requirements by abstracting, pooling and automating the services that are required from the underlying hardware. The hybrid cloud computing enables customers to utilize off-premise vSphere-based hybrid cloud computing capacity. End-user computing enables information technology (IT) organizations to deliver secure access to data, applications and devices to end users.