ARRIS Group (NASDAQ:ARRS) has tumbled 2.54% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.42% in the last four weeks. The stocks have underperformed the S&P 500 by 1.37% during the past week but ARRIS Group (NASDAQ:ARRS) it has outperformed the index in 4 weeks by 2.48%.
ARRIS Group (NASDAQ:ARRS): The stock opened at $23.10 on Friday but the bulls could not build on the opening and the stock topped out at $23.27 for the day. The stock traded down to $22.80 during the day, due to lack of any buying support eventually closed down at $22.99 with a loss of -0.30% for the day. The stock had closed at $23.06 on the previous day. The total traded volume was 2,627,613 shares.
The company shares have dropped -28.69% from its 1 Year high price. On Dec 4, 2015, the shares registered one year high at $32.93 and the one year low was seen on Feb 18, 2016. The 50-Day Moving Average price is $23.24 and the 200 Day Moving Average price is recorded at $24.88.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the (SVP, GLOBAL SUPPLY CHAIN) of Arris International Plc, Brennan James R had sold 8,500 shares worth of $219,980 in a transaction dated May 5, 2016. In this transaction, 8,500 shares were sold at $25.88 per share.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Jefferies assumes its rating on ARRIS Group (NASDAQ:ARRS). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Jefferies announces a current price target of $31 per share. The rating by the firm was issued on June 10, 2016. Currently the company Insiders own 1.2% of ARRIS Group shares according to the proxy statements. Institutional Investors own 84.45% of ARRIS Group shares.