Large Outflow of Money Witnessed in EMC Corporation

EMC Corporation (EMC) : The value of composite uptick trades was $27.46 million, whereas, the value of composite downtick trades was $32.03 million. The uptick to downtick ratio stood at 0.86 with a negative money flow of ($4.58) Million during Fridays trading session. The block trades money flow was negative ($3.37 million).The uptick to the downtick ratio of 0.34 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $1.76 million. The transaction of the trades on downticks amounted to $5.13 million, which confirms investors selling on the strength of price. EMC Corporation (EMC) gained 20 cents at $28.41, an increase of 0.71% over the previous days close.


EMC Corporation (EMC) : Average target price received by EMC Corporation (EMC) is $29.12 with an expected standard deviation of $1.57. The most aggressive target on the stock is $32, whereas the most downbeat target is $26. 17 financial analysts are currently covering the stock.

EMC Corporation (NYSE:EMC): stock turned positive on Friday. Though the stock opened at $28.19, the bulls momentum made the stock top out at $28.46 level for the day. The stock recorded a low of $28.16 and closed the trading day at $28.41, in the green by 0.71%. The total traded volume for the day was 11,225,337. The stock had closed at $28.21 in the previous days trading.

In a related news, Amit Yoran, officer (President, RSA) of Emc Corp, unloaded 21,487 shares at an average price of $27.17 on August 7, 2015. The total amount of the transaction was worth $583,802, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

EMC Corporation (EMC) is a service provider to information technology (IT) operations to an as a service model (ITaaS). It develops, delivers and supports the IT industrys range of information infrastructure and virtual infrastructure technologies, solutions and services. EMC manages the Company as part of a federation of businesses: EMC Information Infrastructure, VMware Virtual Infrastructure and Pivotal. EMC Information Infrastructure business consists of three divisons: Information Storage, Enterprise Content Division and RSA Information Security. EMC Information Infrastructure provides a foundation for organizations to store, manage, protect, analyze and secure quantities of information. VMware develops and markets its product and service offerings within three main product groups: Software-Defined Data Center, Cloud Services and End-User Computing. Pivotals three offerings include the Pivotal Big Data Suite, Pivotal Labs and Pivotal Cloud Foundry.

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