EMC Corporation (NYSE:EMC) has tumbled 1.12% during the past week and has dropped 1.47% in the last 4 week period. The company has outperformed the S&P 500 by 0.07% in the past week but underperformed the index by 2.37% in the last 4 weeks.
EMC Corporation (NYSE:EMC): The stock opened at $27.71 on Friday but the bulls could not build on the opening and the stock topped out at $27.75 for the day. The stock traded down to $27.38 during the day, due to lack of any buying support eventually closed down at $27.40 with a loss of -1.01% for the day. The stock had closed at $27.68 on the previous day. The total traded volume was 19,741,245 shares.
The company shares have rallied 1.22% from its 1 Year high price. On Oct 12, 2015, the shares registered one year high at $28.77 and the one year low was seen on Aug 25, 2015. The 50-Day Moving Average price is $27.39 and the 200 Day Moving Average price is recorded at $26.05.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Amit Yoran, officer (President, RSA) of Emc Corp, had unloaded 21,487 shares at an average price of $27.17 in a transaction dated on August 7, 2015. The total value of the transaction was worth $583,802.
Many analysts have stated their opinion on the company shares. Sterne Agee CRT downgrades their rating on the shares of EMC Corporation (NYSE:EMC). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on June 2, 2016. Currently the company Insiders own 0.4% of EMC Corporation shares according to the proxy statements. Institutional Investors own 79.88% of EMC Corporation shares.
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.