Company Shares of Ellie Mae (NYSE:ELLI) Rally 1.79%

Ellie Mae (NYSE:ELLI) : Traders are bullish on Ellie Mae (NYSE:ELLI) as it has outperformed the S&P 500 by a wide margin of 10.62% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.5%, 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 1.79% in the last 1 week, and is up 12.41% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The company shares have rallied 29.48% from its 1 Year high price. On Jul 6, 2016, the shares registered one year high at $97.12 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $86.45 and the 200 Day Moving Average price is recorded at $79.65.

The stock has recorded a 20-day Moving Average of 8.07% and the 50-Day Moving Average is 12.13%.


Ellie Mae (NYSE:ELLI): On Fridays trading session , Opening price of the stock was $96.74 with an intraday high of $96.75. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $93.91. However, the stock managed to close at $94.57, a loss of 1.21% for the day. On the previous day, the stock had closed at $95.73. The total traded volume of the day was 798,787 shares.

In an insider trading activity, Corr Jonathan, director officer (President & CEO) of Ellie Mae Inc, unloaded 3,500 shares at an average price of $91.13 on July 6, 2016. The total amount of the transaction was worth $318,955, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Ellie Mae, Inc. (Ellie Mae) is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. The Companys Encompass mortgage management solution provides one system of record that allows banks, credit unions and mortgage lenders to originate and fund mortgages. The Encompass mortgage management solution handles functions involved in running the business of originating mortgages, including customer relationship management; loan processing; underwriting; preparation of application, disclosure and closing documents; funding and closing the loan for the borrower; compliance with regulatory and investor requirements, and overall enterprise management that provides one system of record. The Company delivers Encompass software in an on-demand Software-as-a-Service (SaaS). The Company also hosts the Ellie Mae Network.

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