Large Outflow of Money Witnessed in Symantec Corporation

Symantec Corporation (NASDAQ:SYMC) surged 5.26% during the last session. The last traded price was up 0.91 points at $18.21. The data for the fund flow suggests that the net intraday money flow was $(-12.86) million. The fund value in upticks was recorded to be $62.39 million and in downticks, it was found to be $75.25 million. The up/down ratio for the day was measured to be 0.83. For the week, the shares have seen a percentage change of 5.5%.A block trade of $(-15.67) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $8.26 million and that of downticks was $23.93 million. The block tradeoff had the up/down ratio of 0.35.


Currently the company Insiders own 0.18% of Symantec Corporation shares according to the proxy statements. Institutional Investors own 96.78% of Symantec Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -7.99%. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP and CAO) of Symantec Corp, Garfield Mark S. had sold 6,094 shares worth of $123,891 in a transaction dated March 2, 2016. In this transaction, 6,094 shares were sold at $20.33 per share.

Symantec Corporation (NASDAQ:SYMC) : On Monday heightened volatility was witnessed in Symantec Corporation (NASDAQ:SYMC) which led to swings in the share price. The stock opened for trading at $17.54 and hit $18.58 on the upside , eventually ending the session at $18.21, with a gain of 5.26% or 0.91 points. The heightened volatility saw the trading volume jump to 34,033,365 shares. The 52-week high of the share price is $24.59 and the company has a market cap of $11,150 million. The 52-week low of the share price is at $16.14 .

Many analysts have stated their opinion on the company shares. In a research note released to the investors, Citigroup maintains its rating on Symantec Corporation (NASDAQ:SYMC).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Citigroup lowers the new price target from $19 per share to $17.5 per share. The rating by the firm was issued on April 29, 2016.

Symantec Corporation provides security, backup and availability solutions. The Company operates in three segments: Consumer Security, Enterprise Security, and Information Management. The Companys products and services offer protection of information in any environment from the mobile device, to the enterprise data center, to cloud-based systems. Consumers receive automatic downloads of the latest virus definitions, application bug fixes and patches for its consumer product. The Companys enterprise security support program offers annual maintenance support contracts, including content, upgrades and technical support. The Companys Consumer Security segment offers Norton-branded services, which provide multi-layer security and identity protection on desktop and mobile operating systems, to defend against online threats to individuals, families and small businesses.

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