Netsuite Inc (N) Shares are Down -0.04%

Netsuite Inc (N) has risen sharply, recording gains of 35.99% in the past 4 weeks. However, the stock has corrected -0.04% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 34.6% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 11.95% and the 50-Day Moving Average is 27.14%. Netsuite Inc (NYSE:N): On Fridays trading session , Opening price of the stock was $108.71 with an intraday high of $108.77. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $108.56. However, the stock managed to close at $108.6, a loss of 0.12% for the day. On the previous day, the stock had closed at $108.73. The total traded volume of the day was 568,848 shares.


The company Insiders own 5.6% of Netsuite Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -12.74% . Institutional Investors own 59.22% of Netsuite Inc shares. During last six month period, the net percent change held by insiders has seen a change of 34.7%. Also, SunTrust Robinson Humphrey downgrades its rating on Netsuite Inc (NYSE:N). The global brokerage major raises the current price target from $93 per share to $109 per share. Analysts at the SunTrust Robinson Humphrey have a current rating of Neutral on the shares. The shares were previously rated Buy. The rating by the firm was issued on August 11, 2016.

NetSuite Inc. (NetSuite) is a provider of cloud-based financials, enterprise resource planning (ERP) and omnichannel commerce software suites. The Companys offerings include NetSuite, NetSuite OneWorld, NetSuite CRM+, NetSuite OpenAir PSA, SuiteCommerce, NetSuite POS, TribeHR, LightCMS, Add-On Modules, NetSuite Industry Editions and SuiteCloud Platform. Its main offering is NetSuite, which provides core business management capabilities. NetSuite, OneWorld and NetSuite CRM+ are designed for use by most types of businesses. NetSuite OpenAir (OpenAir) PSA is for professional services businesses. SuiteCommerce enables businesses to move from standalone transactional channels to an integrated commerce solution. NetSuite POS is a point-of-sale solution. TribeHR is a HCM solution. LightCMS is a Web-based software platform. SuiteCloud is the Companys technology platform. It delivers its applications over the Internet as a subscription service using the software-as-a-service (SaaS) model.

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