Price Target Update on EMC Corporation (NYSE:EMC)

EMC Corporation (NYSE:EMC) : 18 investment research analysts covering EMC Corporation (NYSE:EMC) have an average price target of $29.25 for the near short term. The highest target price given by the Brokerage Firm to the stock is $32 and the lowest target is $26 for the short term. Analysts expect the variance to be within $1.7 of the average price.

Other Equity analysts have also commented on the company shares. Sterne Agee CRT downgrades their rating on the shares of EMC Corporation (NYSE:EMC). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on June 2, 2016.

EMC Corporation (NYSE:EMC): stock turned positive on Thursday. Though the stock opened at $27.71, the bulls momentum made the stock top out at $27.86 level for the day. The stock recorded a low of $27.69 and closed the trading day at $27.86, in the green by 0.76%. The total traded volume for the day was 11,327,222. The stock had closed at $27.65 in the previous days trading.

The company shares have rallied 2.26% from its 1 Year high price. On Oct 12, 2015, the shares registered one year high at $28.77 and the one year low was seen on Aug 25, 2015. The 50-Day Moving Average price is $27.55 and the 200 Day Moving Average price is recorded at $26.11. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Amit Yoran, officer (President, RSA) of Emc Corp, had unloaded 21,487 shares at an average price of $27.17 in a transaction dated on August 7, 2015. The total value of the transaction was worth $583,802.

EMC Corporation (EMC) is a service provider to information technology (IT) operations to an as a service model (ITaaS). It develops, delivers and supports the IT industrys range of information infrastructure and virtual infrastructure technologies, solutions and services. EMC manages the Company as part of a federation of businesses: EMC Information Infrastructure, VMware Virtual Infrastructure and Pivotal. EMC Information Infrastructure business consists of three divisons: Information Storage, Enterprise Content Division and RSA Information Security. EMC Information Infrastructure provides a foundation for organizations to store, manage, protect, analyze and secure quantities of information. VMware develops and markets its product and service offerings within three main product groups: Software-Defined Data Center, Cloud Services and End-User Computing. Pivotals three offerings include the Pivotal Big Data Suite, Pivotal Labs and Pivotal Cloud Foundry.

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