SAP SE (SAP) : Traders are bullish on SAP SE (SAP) as it has outperformed the S&P 500 by a wide margin of 9.71% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.48%, 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 1.53% in the last 1 week, and is up 10.84% 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 2.91% and the 50-Day Moving Average is 8.74%. SAP SE (NYSE:SAP): On Fridays trading session , Opening price of the stock was $88.13 with an intraday high of $88.15. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $87.38. However, the stock managed to close at $87.53, a loss of 0.22% for the day. On the previous day, the stock had closed at $87.72. The total traded volume of the day was 811,308 shares.
Institutional Investors own 3.53% of SAP SE shares. Also, Equity Analysts at the Jefferies downgrades the rating on SAP SE (NYSE:SAP). The brokerage firm has issued a Underperform rating on the shares. The shares were previously rated Hold. The rating by the firm was issued on June 13, 2016.
SAP SE, formerly SAP AG, is a provider of application and analytics software for enterprises in mobile enterprise management. SAP is an enterprise cloud company. As of December 31, 2014, the Company has more than 282,000 customers in over 180 countries. The Company offers solutions-based on its SAP HANA platform. The SAP HANA platform combines database, data processing, and application platform capabilities in-memory. It also provides capabilities, such as predictive text analytics, spatial processing and data virtualization. The Company offers application software to around 25 industries in six industry sectors and 12 business lines, including consumer, discrete manufacturing, energy and natural resources, financial services, public services and other services. Through Sapphire Ventures, Sapphire Ventures invests in global companies, as well as early-stage venture capital funds in enterprise and consumer technology.