ShoreTel (NASDAQ:SHOR) : Traders are bullish on ShoreTel (NASDAQ:SHOR) as it has outperformed the S&P 500 by a wide margin of 14.27% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.99%, 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 9.38% in the last 1 week, and is up 16.11% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 3.52% from its 1 Year high price. On Dec 3, 2015, the shares registered one year high at $10.56 and the one year low was seen on May 3, 2016. The 50-Day Moving Average price is $6.51 and the 200 Day Moving Average price is recorded at $7.20.
The stock has recorded a 20-day Moving Average of 13% and the 50-Day Moving Average is 14.4%.
ShoreTel (NASDAQ:SHOR): stock turned positive on Friday. Though the stock opened at $7, the bulls momentum made the stock top out at $7.43 level for the day. The stock recorded a low of $7 and closed the trading day at $7.35, in the green by 8.89%. The total traded volume for the day was 1,005,613. The stock had closed at $6.75 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 director of Shoretel Inc, Bregman Mark had sold 5,000 shares worth of $38,700 in a transaction dated February 3, 2016. In this transaction, 5,000 shares were sold at $7.74 per share.
Shoretel, Inc. (ShoreTel) is engaged in the design, development, marketing and sale of business communication solutions. The Company provides business communication solutions, including integrated voice, video, data and mobile applications based on Internet protocol (IP) technologies. It is focused on the small and medium sized businesses (less than 5,000 users), with a Unified Communications platform. It provides ShoreTel solution through multiple deployment options, as well as a set of applications and services for both premise and hosted deployment models, consisting of ShoreTel IP Telephony, ShoreTel Unified Communications, ShoreTel Contact Center, ShoreTel Mobility, and professional services, including ShoreTel Global Services and application and development professional services. It offers services, including soft-switch services for ShoreTel IP Telephony, as well as integrated software modules for business intelligence analytics and reporting.