Cerner Corporation (NASDAQ:CERN) has tumbled 3.16% during the past week and has dropped 1.3% 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 2%. Cerner Corporation (NASDAQ:CERN) has underperformed the index by 2.2% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Cerner Corporation (NASDAQ:CERN): The stock opened at $54.40 on Friday but the bulls could not build on the opening and the stock topped out at $54.42 for the day. The stock traded down to $53.58 during the day, due to lack of any buying support eventually closed down at $53.85 with a loss of -0.94% for the day. The stock had closed at $54.36 on the previous day. The total traded volume was 2,488,219 shares.
The company shares have dropped -22.44% from its 1 Year high price. On Jul 29, 2015, the shares registered one year high at $75.00 and the one year low was seen on Mar 3, 2016. The 50-Day Moving Average price is $55.21 and the 200 Day Moving Average price is recorded at $55.91.
On the companys insider trading activities,The director of Cerner Corp /Mo/, Zollars William D sold 9,000 shares at $55.72 on June 1, 2016. The Insider selling transaction had a total value worth of $501,480. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Currently the company Insiders own 13.2% of Cerner Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -14.48% . Institutional Investors own 80.69% of Cerner Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -20.86%.
Cerner Corporation (Cerner) is a supplier of health care information technology (HCIT). The Company offers a range of intelligent solutions and services that support the clinical, financial and operational needs of organizations. The Company offers software, hardware, professional services and managed services. The Company operates in two segments: Domestic and Global. The Domestic segment includes the business activity in the United States. The Global segment includes the business activity in Aruba, Australia, Austria, Brazil, Canada, Cayman Islands, Chile, Egypt, England, Finland, France, Germany, Guam, India, Ireland, Israel, Malaysia, Mexico, Netherlands, Qatar, Saudi Arabia, Singapore, Spain, Switzerland and the United Arab Emirates. Cerner solutions are offered on the unified Cerner Millennium architecture and on the HealtheIntent cloud-based platform. Its solutions include HealtheRegistries, Cerner ITWorks, Cerner RevWorks, PowerWorks and CommunityWorks, among others.