Cavium (NASDAQ:CAVM) has been under a strong bear grip, hence the stock is down -14.91% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.36% in the past 1 week. The stock has risen by 4.69% in the past week indicating that the buyers are active at lower levels, but the stock is down -13.53% in the past 4 weeks.
The company shares have dropped -37.87% from its 1 Year high price. On Aug 17, 2015, the shares registered one year high at $74.24 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $43.84 and the 200 Day Moving Average price is recorded at $53.58.
The stock has recorded a 20-day Moving Average of 2.61% and the 50-Day Moving Average is 12.9%.
Cavium (NASDAQ:CAVM): stock turned positive on Friday. Though the stock opened at $39.36, the bulls momentum made the stock top out at $39.93 level for the day. The stock recorded a low of $39.16 and closed the trading day at $39.55, in the green by 1.99%. The total traded volume for the day was 911,954. The stock had closed at $38.78 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP,Gen. Counsel & Secretary) of Cavium, Inc., Pangrazio Vincent P had sold 5,000 shares worth of $300,000 in a transaction dated March 1, 2016. In this transaction, 5,000 shares were sold at $60 per share.
Cavium, Inc. is a provider of semiconductor processors, which enable processing for wired and wireless networking, communications, storage, cloud, wireless, security, video and connected home and office applications. The Companys products include OCTEON, OCTEON Plus, OCTEON Fusion, OCTEON XL, LiquidIO, NITROX, NEURON Search and PureVu. The Companys OCTEON, OCTEON Plus, OCTEON II and OCTEON III Multi-core MIPS64 processor families provide data and security processing. The LiquidIO Server Adapter family is a server compliant half-height Peripheral Component Interconnect Express (PCI Express). The NITROX processor family offers security processors. The NEURON Search processor family targets a range of Layer 2 to Layer 4 network search applications in enterprise and service provider infrastructure equipment. The PureVu product family is an integrated media system on a chip (SoC). The Company also offers ThunderX, a multi-core SoC processor, and MontaVista software products.