Rovi Corporation (NASDAQ:ROVI) : Traders are bullish on Rovi Corporation (NASDAQ:ROVI) as it has outperformed the S&P 500 by a wide margin of 5.26% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.33%, 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 9.72% in the last 1 week, and is up 6.96% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 0.29% from its 1 Year high price. On Mar 1, 2016, the shares registered one year high at $23.70 and the one year low was seen on Oct 29, 2015. The 50-Day Moving Average price is $16.35 and the 200 Day Moving Average price is recorded at $18.09.
The stock has recorded a 20-day Moving Average of 4.64% and the 50-Day Moving Average is 4.03%.
Rovi Corporation (NASDAQ:ROVI): stock turned positive on Friday. Though the stock opened at $16.54, the bulls momentum made the stock top out at $17.11 level for the day. The stock recorded a low of $16.33 and closed the trading day at $17.05, in the green by 3.77%. The total traded volume for the day was 835,478. The stock had closed at $16.43 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 (ChiefAdmin&InternalOpsOfficer) of Rovi Corp, Finer Dustin had sold 2,391 shares worth of $37,539 in a transaction dated July 6, 2016. In this transaction, 2,391 shares were sold at $15.7 per share.
Rovi Corporation is a digital entertainment technology company. The Company is focused on content discovery and personalization through its technology and intellectual property, using data and analytics to monetize interactions across various entertainment platforms. Content discovery solutions include interactive program guides (IPGs), search and recommendations, cloud data services and its database of metadata, which includes descriptive information, promotional images or other content that describe or relate to Television shows, videos, movies, music, books, games or other entertainment content. The Company also offers advertising and analytics services. The Company operates under the following segments: Intellectual Property Licensing, Products and Corporate. Its solutions are deployed around the world in the cable, satellite, consumer electronics, entertainment, media and online distribution markets.