Large Inflow of Money Detected in Symantec Corporation

Symantec Corporation (SYMC) : On Wednesday, The money flowed into the Symantec Corporation (SYMC) stock with an uptick to downtick ratio was recorded at 2.68. Transactions worth $46.94 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $17.49 million. The total money flow into the stock was $29.45 million. The block trades reveal a bullish bias with an up-down ratio of 15.71. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $33.28 million of block transactions on upticks. The value of block trades on downticks was $2.12 million, indicating lower selling interest. The total money flow in block trades was $31.17 million. In terms of price action, Symantec Corporation (SYMC) traded down $0.04 during the session at $20.66. Compared to the previous days closing, the stock was down only by -0.17%. For the week, the stock is -1.36%, over previous weeks closing.


Also, Evercore ISI Group upgrades their rating on the shares of Symantec Corporation (NASDAQ:SYMC). The current rating of the shares is Hold. Earlier, the shares were rated a Sell by the brokerage firm. The rating by the firm was issued on June 29, 2016.

Symantec Corporation (NASDAQ:SYMC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.76 and $20.46 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.70, notching a gain of 0.05% for the day. The total traded volume was 18,257,118 . The stock had closed at $20.69 on the previous day.

The stock has recorded a 20-day Moving Average of 0.25% and the 50-Day Moving Average is 10.38%. In a related news, Vautrinot Suzanne M, director of Symantec Corp, unloaded 3,750 shares at an average price of $20.39 on July 5, 2016. The total amount of the transaction was worth $76,463, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Symantec Corporation provides security, backup and availability solutions. The Company operates in three segments: Consumer Security, Enterprise Security, and Information Management. The Companys products and services offer protection of information in any environment from the mobile device, to the enterprise data center, to cloud-based systems. Consumers receive automatic downloads of the latest virus definitions, application bug fixes and patches for its consumer product. The Companys enterprise security support program offers annual maintenance support contracts, including content, upgrades and technical support. The Companys Consumer Security segment offers Norton-branded services, which provide multi-layer security and identity protection on desktop and mobile operating systems, to defend against online threats to individuals, families and small businesses.

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