QLogic Corporation (NASDAQ:QLGC) : Investors lapped up stocks on upticks to the tune of $0.48 million in the Wednesdays trading session. The trading value on downticks was comparatively at $0.31 million and the uptick to downtick ratio of 1.53 indicates continuous buying by the bulls. The net money flow into the stock was $0.17 million. Upticks saw transactions worth $0.15 clearly indicating buying by large investors. The total money flow for block trades stood at $0.15 million, which is a positive for the stock in the long-term. QLogic Corporation (NASDAQ:QLGC) fell $0.02 during the day at $14.63, a drop of -0.14% over the previous days close. However, for the week, the stock is -0.14%, compared to the previous week.
In an insider trading activity, The officer (Senior VP – WW Sales), of Qlogic Corp, Carrozza Anthony had unloaded 1,460 shares at $13.53 per share in a transaction on May 10, 2016. The total value of transaction was $19,754. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 1.4% of QLogic Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -14.94% . Institutional Investors own 86.89% of QLogic Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -14.94%.
The company shares have rallied 5.40% from its 1 Year high price. On Jun 16, 2016, the shares registered one year high at $15.00 and the one year low was seen on Jul 31, 2015. The 50-Day Moving Average price is $13.85 and the 200 Day Moving Average price is recorded at $12.93. QLogic Corporation (NASDAQ:QLGC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.75 and $14.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.76. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.69, notching a gain of 0.27% for the day. The total traded volume was 1,204,641 . The stock had closed at $14.65 on the previous day.
QLogic Corporation (QLogic) designs and supplies server and storage networking connectivity products that provide and manage computer data communication. These products facilitate the transfer of data and enable resource sharing between servers, networks and storage. The Companys products are used in enterprise, managed service provider, consumer Web, and cloud service provider data centers, along with other environments dependent on data networking. It offers products in two categories: Advanced Connectivity Platforms and Legacy Connectivity Products. The advanced Connectivity Platforms consist primarily of adapters and application-specific integrated circuits (ASICs) for server and storage connectivity applications. The legacy Connectivity Products consist primarily of Fiber Channel switch products. The Companys products are based primarily on Fiber Channel and Ethernet technologies and are used in connection with storage networks, local area networks, and converged networks.