Vmware (NYSE:VMW) has tumbled 4.65% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 0.85% in the last four weeks. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.51%. Vmware (NYSE:VMW) has underperformed the index by 0.07% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Vmware (NYSE:VMW): The stock opened at $61.12 on Friday but the bulls could not build on the opening and the stock topped out at $61.43 for the day. The stock traded down to $60.22 during the day, due to lack of any buying support eventually closed down at $60.27 with a loss of -1.31% for the day. The stock had closed at $61.07 on the previous day. The total traded volume was 2,015,704 shares.
The company shares have dropped -32.95% from its 1 Year high price. On Aug 5, 2015, the shares registered one year high at $93.43 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $59.59 and the 200 Day Moving Average price is recorded at $54.08.
On the companys insider trading activities, Poonen Sanjay, officer (EVP, GM, EUC, Head Global Mktg) of Vmware, Inc., unloaded 5,500 shares at an average price of $60.08 on May 31, 2016. The total amount of the transaction was worth $330,440, 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. Cowen & Company downgrades their rating on the shares of Vmware (NYSE:VMW). The current rating of the shares is Market Perform. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on May 24, 2016. Currently the company Insiders own 0.52% of Vmware shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -9.84% . Institutional Investors own 20.69% of Vmware shares. During last six month period, the net percent change held by insiders has seen a change of -9.84%.
VMware, Inc. is a provider of virtualization infrastructure solutions. The Company develops and markets its product and service offerings within three product groups, which include software-defined data center (SDDC), hybrid cloud computing and end-user computing (EUC). The Companys SDDC is designed to transform the data center into an on-demand service that addresses application requirements by abstracting, pooling and automating the services that are required from the underlying hardware. The hybrid cloud computing enables customers to utilize off-premise vSphere-based hybrid cloud computing capacity. End-user computing enables information technology (IT) organizations to deliver secure access to data, applications and devices to end users.