Brightcove (BCOV) : Traders are bullish on Brightcove (BCOV) as it has outperformed the S&P 500 by a wide margin of 13.95% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 9.48%, 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 9.4% in the last 1 week, and is up 17.77% 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 10.62% and the 50-Day Moving Average is 28.21%. Brightcove Inc. is up 73.06% in the last 3-month period. Year-to-Date the stock performance stands at 68.87%.
Brightcove (NASDAQ:BCOV): stock turned positive on Friday. Though the stock opened at $10.12, the bulls momentum made the stock top out at $11.56 level for the day. The stock recorded a low of $10.06 and closed the trading day at $10.47, in the green by 7.94%. The total traded volume for the day was 1,253,310. The stock had closed at $9.7 in the previous days trading.
Brightcove Inc. (Brightcove) is a provider of cloud-based services for video. The Companys flagship product Brightcove Video Cloud (or) Video Cloud is the online video platform which enables its customers to publish and distribute video to Internet-connected devices. Its other products and services include Brightcove Zencoder (Zencoder), Brightcove Once (Once), Brightcove Gallery (Gallery), Brightcove Perform (Perform) and Brightcove Video Marketing Suite (Video Marketing Suite). Zencoder is a cloud-based video encoding service. Once is a cloud-based ad insertion and video stitching service. Gallery is a cloud-based service that enables customers to create and publish video portals. Perform is a cloud-based service for creating and managing video player experiences. Video Marketing Suite is a suite of video technologies. It provides its solutions to media companies, broadcasters, brands and corporations, as well as Governments, educational institutions and non-profit organizations.