Shares of QLogic Corporation (NASDAQ:QLGC) Sees Large Outflow of Money

QLogic Corporation (NASDAQ:QLGC) traded on a positive note gaining 0.02 points or 0.13% to be valued at $14.88 per share. Intraday, the shares aggregated $0.05 million in upticks but saw an exodus of $0.69 million in downticks. The net money flow was calculated to be $(-0.63) million with the final up/down ratio coming in at 0.08. The share price has seen a change of 0.2% in value during the week. Block trade of up/down ratio of 0 was also registered with $0 million in upticks and $0.47 million in downticks. The net money flow for the block exchange was disappointing at $(-0.47) Million.


The stock has recorded a 20-day Moving Average of 7.21% and the 50-Day Moving Average is 10.32%. The company shares have dropped 4.07% in the past 52 Weeks. On June 23, 2015 The shares registered one year high of $15.53 and one year low was seen on July 31, 2015 at $8.37. The 50-day moving average is $13.52 and the 200 day moving average is recorded at $12.84. S&P 500 has rallied 1.93% during the last 52-weeks.

QLogic Corporation (NASDAQ:QLGC): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.79 and $14.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.93. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.87, notching a gain of 0.07% for the day. The total traded volume was 2,102,461 . The stock had closed at $14.86 on the previous day.

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 87.93% of QLogic Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -14.94%. On the companys insider trading activities,The officer (Senior VP – WW Sales) of Qlogic Corp, Carrozza Anthony sold 1,460 shares at $13.53 on May 10, 2016. The Insider selling transaction had a total value worth of $19,754. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.