NetScout Systems (NASDAQ:NTCT) has been under a strong bear grip, hence the stock is down -4.85% 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 2.83% in the past 1 week. The stock has risen by 4.15% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.31% in the past 4 weeks.
The company shares have dropped -37.44% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $41.34 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $23.51 and the 200 Day Moving Average price is recorded at $23.24.
The stock has recorded a 20-day Moving Average of 0.03% and the 50-Day Moving Average is 0.8%.
NetScout Systems (NASDAQ:NTCT): stock turned positive on Friday. Though the stock opened at $22.32, the bulls momentum made the stock top out at $23.22 level for the day. The stock recorded a low of $22.3 and closed the trading day at $23.08, in the green by 4.62%. The total traded volume for the day was 679,381. The stock had closed at $22.06 in the previous days trading.
In an insider trading activity, Szabados Michael, officer (Chief Operating Officer) of Netscout Systems Inc, unloaded 5,000 shares at an average price of $23.08 on May 10, 2016. The total amount of the transaction was worth $115,400, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
NetScout Systems, Inc. is a provider of network, application and service assurance solutions. The Company provides performance analytics that help enterprise, government and service provider customers manage service delivery and identify emerging performance problems. The Company designs, develops, manufactures, markets, licenses, sells and supports the products in hardware and software solutions that are used by commercial enterprises, governmental agencies and telecommunication service providers. The Company has three primary customer groups; enterprise customers, service provider customers and government customers. The Companys products include nGeniusONE Service Assurance Solution, nGenius Intelligent Data Sources, nGenius Packet Flow Switches and Taps, NetScout Test Optimization Products and nGenius NetFlow Solutions.