Cavium (NASDAQ:CAVM) has tumbled 13.39% during the past week and has dropped 16.07% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 12.35%. Cavium (NASDAQ:CAVM) has underperformed the index by 16.84% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Cavium (NASDAQ:CAVM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.91 and $38.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $39.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.62, notching a gain of 0.04% for the day. The total traded volume was 4,792,492 . The stock had closed at $39.60 on the previous day.
The company shares have dropped -46.40% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $75.26 and the one year low was seen on Jun 17, 2016. The 50-Day Moving Average price is $47.44 and the 200 Day Moving Average price is recorded at $56.29.
On the companys insider trading activities, Pangrazio Vincent P, officer (SVP,Gen. Counsel & Secretary) of Cavium, Inc., unloaded 5,000 shares at an average price of $60 on March 1, 2016. The total amount of the transaction was worth $300,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, Brean Capital maintains its rating on Cavium (NASDAQ:CAVM).Earlier, the shares were rated a Buy by the brokerage firm. In a recent information released to the investors, Brean Capital lowers the new price target from $67 per share to $60 per share. The rating by the firm was issued on June 16, 2016. Currently the company Insiders own 4.63% of Cavium shares according to the proxy statements. During last six month period, the net percent change held by insiders has seen a change of -4.8%.
Cavium, Inc. is a provider of semiconductor processors, which enable processing for wired and wireless networking, communications, storage, cloud, wireless, security, video and connected home and office applications. The Companys products include OCTEON, OCTEON Plus, OCTEON Fusion, OCTEON XL, LiquidIO, NITROX, NEURON Search and PureVu. The Companys OCTEON, OCTEON Plus, OCTEON II and OCTEON III Multi-core MIPS64 processor families provide data and security processing. The LiquidIO Server Adapter family is a server compliant half-height Peripheral Component Interconnect Express (PCI Express). The NITROX processor family offers security processors. The NEURON Search processor family targets a range of Layer 2 to Layer 4 network search applications in enterprise and service provider infrastructure equipment. The PureVu product family is an integrated media system on a chip (SoC). The Company also offers ThunderX, a multi-core SoC processor, and MontaVista software products.