Proofpoint (NASDAQ:PFPT) : Traders are bullish on Proofpoint (NASDAQ:PFPT) as it has outperformed the S&P 500 by a wide margin of 8.09% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.23%, 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 6.58% in the last 1 week, and is up 9.83% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 4.76% from its 1 Year high price. On Nov 19, 2015, the shares registered one year high at $75.46 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $61.33 and the 200 Day Moving Average price is recorded at $55.16.
The stock has recorded a 20-day Moving Average of 9.28% and the 50-Day Moving Average is 14.82%.
Proofpoint (NASDAQ:PFPT): stock turned positive on Friday. Though the stock opened at $65.46, the bulls momentum made the stock top out at $68.23 level for the day. The stock recorded a low of $65.14 and closed the trading day at $68.03, in the green by 5.21%. The total traded volume for the day was 893,789. The stock had closed at $64.66 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Knight David, officer (EVP&GM, Info Security Products) of Proofpoint Inc, had unloaded 2,000 shares at an average price of $63.52 in a transaction dated on July 6, 2016. The total value of the transaction was worth $127,040.
Proofpoint, Inc. is a security-as-a-service provider that provides data protection solutions for large and mid-sized organizations around the world. The Companys security-as-a-service platform consists of a suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication. The Company provides a multi-tiered security-as-a-service platform, comprising solutions, platform technologies and infrastructure. Its security-as-a-service platform offers a bundle of five solutions: Proofpoint Enterprise Protection, Proofpoint Enterprise Privacy, Proofpoint Enterprise Archive & Governance, Proofpoint Nexgate Social Media Security & Compliance, and Proofpoint Essentials. Its platforms services include content inspection, reputation, encryption and key management, notification and workflow, and analytics and search.