Shares of Cavium (CAVM) Sees Large Outflow of Money

Cavium (CAVM): The stock had negative money flow to the tune of ($0.67 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $0.58 million, whereas, the outflow of money on downticks was $1.25 million and the ratio between the two was 0.46. The block trade had a negative net money flow of ($0.1 million). On the other hand, downticks amounted to $0.1 million of the traded value, which shows distribution in the stock by traders. Cavium (CAVM) closed with marginal gains of 33 cents to end the day at $42.28, an increase of 0.79% over the previous days close. The stock recorded 2.77% for the week.


Also, In the latest statement by the brokerage house, Brean Capital maintains its outlook on Cavium (NASDAQ:CAVM). Previously, the company had a rating of Buy. The brokerage firm lowers the price target from $67 per share to $60 per share. The rating by the firm was issued on June 16, 2016.

Cavium (NASDAQ:CAVM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.94 and $41.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.61. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.42, notching a gain of 3.50% for the day. The total traded volume was 1,177,256 . The stock had closed at $41.95 on the previous day.

The stock has recorded a 20-day Moving Average of 10.12% and the 50-Day Moving Average is 1.37%. In a related news, The Securities and Exchange Commission has divulged that Pangrazio Vincent P, officer (SVP,Gen. Counsel & Secretary) of Cavium, Inc., had unloaded 5,000 shares at an average price of $60 in a transaction dated on March 1, 2016. The total value of the transaction was worth $300,000.

Cavium, Inc. is a provider of semiconductor processors, which enable processing for wired and wireless networking, communications, storage, cloud, wireless, security, video and connected home and office applications. The Companys products include OCTEON, OCTEON Plus, OCTEON Fusion, OCTEON XL, LiquidIO, NITROX, NEURON Search and PureVu. The Companys OCTEON, OCTEON Plus, OCTEON II and OCTEON III Multi-core MIPS64 processor families provide data and security processing. The LiquidIO Server Adapter family is a server compliant half-height Peripheral Component Interconnect Express (PCI Express). The NITROX processor family offers security processors. The NEURON Search processor family targets a range of Layer 2 to Layer 4 network search applications in enterprise and service provider infrastructure equipment. The PureVu product family is an integrated media system on a chip (SoC). The Company also offers ThunderX, a multi-core SoC processor, and MontaVista software products.

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