Company Shares of SciQuest (NASDAQ:SQI) Rally 0.45%

SciQuest (NASDAQ:SQI) : During the past 4 weeks, traders have been relatively bearish on SciQuest (NASDAQ:SQI), hence the stock is down -1.37% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.82% 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 0.45% in the last 1 week, and is up 0.23% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The company shares have rallied 28.83% from its 1 Year high price. On May 31, 2016, the shares registered one year high at $17.81 and the one year low was seen on Oct 27, 2015. The 50-Day Moving Average price is $16.87 and the 200 Day Moving Average price is recorded at $14.03.

The stock has recorded a 20-day Moving Average of 0.53% and the 50-Day Moving Average is 13.04%.


SciQuest (NASDAQ:SQI): stock turned positive on Friday. Though the stock opened at $17.66, the bulls momentum made the stock top out at $17.75 level for the day. The stock recorded a low of $17.64 and closed the trading day at $17.74, in the green by 0.45%. The total traded volume for the day was 1,043,764. The stock had closed at $17.66 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 CEO of Sciquest Inc, Wiehe Stephen J, had purchased 15,400 shares in a transaction dated on November 9, 2015. The transaction was executed at $12.09 per share with total amount equaling $186,186.

SciQuest, Inc. provides cloud-based business automation solutions for spend management. The Companys offers procurement solutions that automate the source-to-settle process; spend analysis solutions that cleanse and classify spend data to drive and measure cost savings; supplier management solutions that facilitate its customers interactions with their suppliers; contract lifecycle management solutions that automate the contract lifecycle from contract creation through maintenance, and accounts payable solutions that automate the invoice processing and vendor payment processes. The Companys SciQuest Supplier Network is Software-as-a-Service (SaaS) communications hub that enables transaction interactions between its customers and their suppliers through its procurement, accounts payable and supplier management solutions. It is the single integration point between its customers and their suppliers that provides customers with supplier information, including supplier catalogs.

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