Nuance Communications (NASDAQ:NUAN) has tumbled 5.93% during the past week and has dropped 1.72% 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 4.8%. Nuance Communications (NASDAQ:NUAN) has underperformed the index by 2.61% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Nuance Communications (NASDAQ:NUAN): The stock opened at $16.24 on Friday but the bulls could not build on the opening and the stock topped out at $16.32 for the day. The stock traded down to $15.91 during the day, due to lack of any buying support eventually closed down at $16.02 with a loss of -1.60% for the day. The stock had closed at $16.28 on the previous day. The total traded volume was 4,150,380 shares.
The company shares have dropped -11.93% from its 1 Year high price. On Dec 3, 2015, the shares registered one year high at $21.83 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $16.71 and the 200 Day Moving Average price is recorded at $18.47.
On the companys insider trading activities,The director of Nuance Communications, Inc., Martin Katherine A sold 10,000 shares at $17.25 on June 8, 2016. The Insider selling transaction had a total value worth of $172,500. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Barclays initiates coverage on Nuance Communications (NASDAQ:NUAN). The current rating of the shares is Equal-weight, according to the research report released by the firm. The brokerage firm announces the price target at $22 per share. The rating by the firm was issued on April 15, 2016. Currently the company Insiders own 2.23% of Nuance Communications shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -2.69% . Institutional Investors own 86.07% of Nuance Communications shares. During last six month period, the net percent change held by insiders has seen a change of -13.42%.
Nuance Communications, Inc. is a provider of voice and language solutions for businesses and consumers across the world. The Companys solutions are used in healthcare, mobile, consumer, enterprise customer service, and imaging markets. The Company offers accuracy, natural language understanding capability, domain knowledge and implementation capabilities. The Companys solutions are based on the Companys voice and language platform and are used by businesses for tasks and services, such as requesting information from a phone-based self-service solution, dictating medical records, searching the mobile Web by voice, entering a destination into a navigation system, or working with portable document format (PDF) documents. The Company offers its solutions to its customers in a range of ways, including through products, hosting, professional services and maintenance and support. The Company operates in four segments: Healthcare, Mobile and Consumer, Enterprise, and Imaging.