Nimble Storage (NMBL) Shares are Up 5.47%

Nimble Storage (NMBL) : Traders are bullish on Nimble Storage (NMBL) as it has outperformed the S&P 500 by a wide margin of 5.63% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.41%, 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 5.47% in the last 1 week, and is up 6.72% 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 7.01% and the 50-Day Moving Average is 2%. Nimble Storage (NYSE:NMBL): stock turned positive on Friday. Though the stock opened at $7.99, the bulls momentum made the stock top out at $8.2 level for the day. The stock recorded a low of $7.99 and closed the trading day at $8.1, in the green by 1.00%. The total traded volume for the day was 517,436. The stock had closed at $8.02 in the previous days trading.


The company Insiders own 20.9% of Nimble Storage shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -3.8% . Institutional Investors own 62.03% of Nimble Storage shares. During last six month period, the net percent change held by insiders has seen a change of -3.8%. Also, Equity analysts at the Brokerage firm BMO Capital upgrades its rating on Nimble Storage (NYSE:NMBL). The rating major has initiated the coverage with outperform rating on the shares. Earlier, the shares were rated a Market Perform by the brokerage firm. The rating by the firm was issued on August 3, 2016.

Nimble Storage, Inc. (Nimble Storage) engineers and delivers its customers with data storage platform. The Company has designed and sells a flash-optimized storage platform, Adaptive Flash. With the combination of the Companys file system, Cache Accelerated Sequential Layout (CASL), and its cloud-based storage management and support service, InfoSight, the Companys platform serves an array of enterprises and cloud-based service providers, and the Companys software and storage systems handle mainstream applications, including virtual desktops, databases, e-mail, collaboration and analytics. It enables information technology (IT) organizations to predict, manage and deliver the storage required to improve business applications and workloads across their IT environments. Its end-customers span a range of industries, such as cloud-based service providers, education, financial services, healthcare, manufacturing, state and local government and technology.

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