Unisys Corporation (UIS) : Traders are bullish on Unisys Corporation (UIS) as it has outperformed the S&P 500 by a wide margin of 34.57% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.07%, 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 3.13% in the last 1 week, and is up 35.95% 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 15.81% and the 50-Day Moving Average is 27.94%. Unisys Corporation (NYSE:UIS): stock turned positive on Friday. Though the stock opened at $10.42, the bulls momentum made the stock top out at $10.56 level for the day. The stock recorded a low of $10.24 and closed the trading day at $10.55, in the green by 0.96%. The total traded volume for the day was 661,298. The stock had closed at $10.45 in the previous days trading.
The company Insiders own 1% of Unisys Corporation shares according to the proxy statements. Also, SunTrust Robinson Humphrey initiates coverage on Unisys Corporation (NYSE:UIS) The shares have been rated Buy. The rating by the firm was issued on June 22, 2016.
Unisys Corporation is a global Information Technology (IT) company. The Company provides outsourcing and managed services, systems integration and consulting services, server technology, cybersecurity and cloud management software and maintenance and infrastructure support services. The Company operates through two segments: Services and Technology. The Companys services include outsourcing, systems integration and consulting, infrastructure services and maintenance. The Companys Technology segment designs and develops software, servers and related products. The Companys product offerings include enterprise-class servers, such as the ClearPath family of servers, the Forward! by Unisys line of fabric servers, and the ES family of servers; the Unisys Stealth family of cybersecurity software, and operating system software and middleware.