Large Outflow of Money Witnessed in Gigamon

Gigamon (GIMO) : Net money flow in Gigamon (GIMO) was negative ($1.59 million) and the inflow of money on uptick was $4.7 million, whereas, the outflow of money on downticks amounted to $6.3 million on Friday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.75. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $0.87 million. On the other hand, the total value of block trades done on downticks was $3.26 million. The ratio of uptick to downtick block trades was 0.27. The money flow in block trades was negative ($2.39). Gigamon (GIMO) gained $2.28 cent during the day and reached $41.96, a gain of 5.74% over the previous day.


Gigamon (GIMO) : Currently there are 5 street experts covering Gigamon (GIMO) stock. The most bullish and bearish price target for the stock is $50 and $35 respectively for the short term. The average price target of all the analysts comes to $43.6. The estimated standard deviation from the target is $6.5.

Gigamon (NYSE:GIMO): stock turned positive on Friday. Though the stock opened at $39.87, the bulls momentum made the stock top out at $43.28 level for the day. The stock recorded a low of $39.83 and closed the trading day at $42.32, in the green by 6.65%. The total traded volume for the day was 1,207,066. The stock had closed at $39.68 in the previous days trading.

In a related news, Burns Mike, officer (Chief Financial Officer) of Gigamon Inc., unloaded 16,000 shares at an average price of $40 on July 8, 2016. The total amount of the transaction was worth $640,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Gigamon Inc. offers a solution that delivers visibility and control of traffic across networks. The Companys Unified Visibility Fabric solution consists of a distributed system of nodes (or a Fabric) that enables a level of visibility, modification and control of network traffic. The Visibility Fabric spans physical appliances, virtual nodes and traffic from remote sites to enable visibility of network infrastructures. Its Fabric enables IT organizations to gain visibility into infrastructure by forwarding selected traffic of interest from network and server infrastructure to management, analysis, compliance and security tools. Its product offering includes a single product family comprising its GigaVUE, GigaSECURE, GigaSMART and GigaTAP products. Its GigaSMART platform provides a range of software applications to modify, manipulate, transform, filter, correlate and sample network traffic.

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