Computer Sciences Corporation (NYSE:CSC) has tumbled 2.61% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 43.67% in the last four weeks. The stocks have underperformed the S&P 500 by 1.45% during the past week but Computer Sciences Corporation (NYSE:CSC) it has outperformed the index in 4 weeks by 42.36%.
Computer Sciences Corporation (NYSE:CSC): The stock opened at $50.77 on Friday but the bulls could not build on the opening and the stock topped out at $50.80 for the day. The stock traded down to $50.16 during the day, due to lack of any buying support eventually closed down at $50.30 with a loss of -1.37% for the day. The stock had closed at $51.00 on the previous day. The total traded volume was 2,046,400 shares.
The company shares have rallied 77.07% from its 1 Year high price. On Jun 9, 2016, the shares registered one year high at $52.55 and the one year low was seen on Feb 10, 2016. The 50-Day Moving Average price is $42.12 and the 200 Day Moving Average price is recorded at $33.87.
On the companys insider trading activities, Lawrie John M, director officer (Chairman, President and CEO) of Computer Sciences Corp, unloaded 7,100 shares at an average price of $51.56 on June 13, 2016. The total amount of the transaction was worth $366,076, 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, Barclays upgrades its rating on Computer Sciences Corporation (NYSE:CSC).The analysts at the brokerage house have a current rating of Overweight on the shares. Earlier, the shares were rated a Equal-weight by the brokerage firm. The rating by the firm was issued on May 25, 2016. Currently the company Insiders own 1.15% of Computer Sciences Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 7.76% . Institutional Investors own 96.54% of Computer Sciences Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -3.23%.
Computer Sciences Corporation (CSC) is a global provider of information technology (IT) and professional services and solutions. The Company operates through three segments: Global Business Services (GBS), which is a provider of various technology solutions, including consulting, applications services and software; Global Infrastructure Services (GIS), which provides solutions, such as managed and virtual desktop solutions, and data center management, and North American Public Sector (NPS), which delivers IT, mission and operations-related services. Its subsidiary, ServiceMesh Inc. (ServiceMesh), is a provider of enterprise cloud management software. ServiceMesh also provides various other services, such as tiered services levels, different levels of security, self-service options, governance, policy and real time monitoring. CSCs subsidiary, Fruition Partners, provides technology-enabled solutions for the service-management sector and provides support for ServiceNow-related software