EMC Corporation (EMC) : Traders are bullish on EMC Corporation (EMC) as it has outperformed the S&P 500 by a wide margin of 0.67% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.84%, 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 0.81% in the last 1 week, and is up 1.06% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
EMC Corporation is up 3.67% in the last 3-month period. Year-to-Date the stock performance stands at 12.76%. The stock has recorded a 20-day Moving Average of 1.04% and the 50-Day Moving Average is 3.01%.
EMC Corporation (NYSE:EMC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.51 and $28.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.71, notching a gain of 0.60% for the day. The total traded volume was 25,555,325 . The stock had closed at $28.54 on the previous day.
Also, Equity Analysts at the Brokerage Firm, Bernstein, downgrades their rating on the shares of EMC Corporation (NYSE:EMC). Bernstein has a Market Perform rating on the shares. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on July 29, 2016.
EMC Corporation (EMC) is a service provider to information technology (IT) operations to an as a service model (ITaaS). It develops, delivers and supports the IT industrys range of information infrastructure and virtual infrastructure technologies, solutions and services. EMC manages the Company as part of a federation of businesses: EMC Information Infrastructure, VMware Virtual Infrastructure and Pivotal. EMC Information Infrastructure business consists of three divisons: Information Storage, Enterprise Content Division and RSA Information Security. EMC Information Infrastructure provides a foundation for organizations to store, manage, protect, analyze and secure quantities of information. VMware develops and markets its product and service offerings within three main product groups: Software-Defined Data Center, Cloud Services and End-User Computing. Pivotals three offerings include the Pivotal Big Data Suite, Pivotal Labs and Pivotal Cloud Foundry.