Shares of VeriSign (NASDAQ:VRSN) Sees Large Outflow of Money

VeriSign (NASDAQ:VRSN) managed to stay afloat and traded higher with an addition of 0.81 point or 0.95% at $86.49. The money flow data is a negative $(-1.92) million with $4.96 million in upticks and $6.88 million in downticks. The intraday up/down ratio came in at 0.72. The shares have seen 2.54% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $0 million and the combined worth of the downticks was $2.16, Million, leading to the up/down ratio of 0. The block trade saw a net money flow of $(-2.16) million.


The stock has recorded a 20-day Moving Average of 1.97% and the 50-Day Moving Average is 0.47%. The company shares have rallied 33.52% in the past 52 Weeks. On December 4, 2015 The shares registered one year high of $93.94 and one year low was seen on June 29, 2015 at $61.31. The 50-day moving average is $84.81 and the 200 day moving average is recorded at $84.69. S&P 500 has rallied 1.93% during the last 52-weeks.

VeriSign (NASDAQ:VRSN): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $85.99 and $85.46 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $86.76. The buying momentum continued till the end and the stock did not give up its gains. It closed at $86.44, notching a gain of 0.89% for the day. The total traded volume was 520,879 . The stock had closed at $85.68 on the previous day.

Currently the company Insiders own 0.78% of VeriSign shares according to the proxy statements. On the companys insider trading activities, Tomlinson Timothy, director of Verisign Inc/Ca, unloaded 1,350 shares at an average price of $81.48 on February 17, 2016. The total amount of the transaction was worth $109,998, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

VeriSign, Inc. is a global provider of domain name registry services and Internet security, enabling Internet navigation for domain names and providing protection for Websites and enterprises around the world (Registry Services). The Companys product suite also includes Network Intelligence and Availability (NIA) Services consisting of Distributed Denial of Service (DDoS) Protection Services, Verisign iDefense Security Intelligence Services (iDefense) and Managed Domain Name System (Managed DNS) Services. The Companys Registry Services provides the security, stability and resiliency of Internet infrastructure and services, including the .com and .net domains, two of the Internets root servers, and operation of the root-zone maintainer functions for the core of the Internets Domain Name System (DNS). The Company has operations inside, as well as outside the United States.

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