Company Shares of ADTRAN (NASDAQ:ADTN) Rally 3.04%

ADTRAN (NASDAQ:ADTN) : Traders are bullish on ADTRAN (NASDAQ:ADTN) as it has outperformed the S&P 500 by a wide margin of 1.13% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.73%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.04% in the last 1 week, and is up 2.76% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The company shares have rallied 14.29% from its 1 Year high price. On Mar 30, 2016, the shares registered one year high at $20.80 and the one year low was seen on Oct 30, 2015. The 50-Day Moving Average price is $18.74 and the 200 Day Moving Average price is recorded at $18.70.

The stock has recorded a 20-day Moving Average of 4.97% and the 50-Day Moving Average is 2.99%.


ADTRAN (NASDAQ:ADTN): stock turned positive on Friday. Though the stock opened at $18.82, the bulls momentum made the stock top out at $19.43 level for the day. The stock recorded a low of $18.69 and closed the trading day at $19.35, in the green by 3.81%. The total traded volume for the day was 625,873. The stock had closed at $18.64 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Adtran Inc, Stanton Thomas R had purchased shares worth of $500,760 in a transaction dated on April 28, 2015. A total of 31,200 shares were purchased at a price of $16.05 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

ADTRAN, Inc. is a global provider of networking and communications equipment. The Companys solutions enable voice, data, video and Internet communications across a variety of network infrastructures. The Company operates through two segments: the Carrier Networks Division and the Enterprise Networks Division. The Carrier Networks Division offers broadband and optical infrastructure products and services used by service providers to aggregate, transport, and deliver voice, data, and video services to their customers premises and mobile network cell sites. The Enterprise Networks Division provides cloud connectivity solutions, such as IP business gateways and access routers, which provide business access to service provider networks, and enterprise communications solutions, which enable businesses to construct voice, data and video networks at a single customer premises or among a distributed enterprises multiple sites.

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