Mentor Graphics Corporation (NASDAQ:MENT) has tumbled 1.46% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.75% in the last four weeks. The stocks have underperformed the S&P 500 by 0.28% during the past week but Mentor Graphics Corporation (NASDAQ:MENT) it has outperformed the index in 4 weeks by 2.8%.
Mentor Graphics Corporation (NASDAQ:MENT): The stock opened at $21.67 on Friday but the bulls could not build on the opening and the stock topped out at $21.75 for the day. The stock traded down to $21.38 during the day, due to lack of any buying support eventually closed down at $21.58 with a loss of -0.42% for the day. The stock had closed at $21.67 on the previous day. The total traded volume was 1,874,722 shares.
The company shares have dropped -18.63% from its 1 Year high price. On Nov 11, 2015, the shares registered one year high at $28.09 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $20.87 and the 200 Day Moving Average price is recorded at $19.19.
On the companys insider trading activities,The director officer (President) of Mentor Graphics Corp, Hinckley Gregory K sold 32,396 shares at $21.37 on May 27, 2016. The Insider selling transaction had a total value worth of $692,303. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Currently the company Insiders own 2.8% of Mentor Graphics Corporation shares according to the proxy statements. Institutional Investors own 94.67% of Mentor Graphics Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 3.93%.
Mentor Graphics Corporation is a supplier of electronic design automation (EDA) tools – computer software and emulation hardware systems used to automate the design, analysis and testing of complex electro-mechanical systems, electronic hardware and embedded systems software in electronic systems and components. The Companys products are used in the design and development of a diverse set of electronic products, including automotive electronics, computers and workstations, digital cameras, cellular telephones, medical devices, smart phones, industrial electronics and manufacturing systems. The Company segregated revenues into five categories of similar products and services: Scalable Verification, IC Design to Silicon, Integrated System Design, New and Emerging Products, and Services and Other.