Check Point Software Technologies Ltd. (CHKP) : The value of composite uptick trades was $3.64 million, whereas, the value of composite downtick trades was $4.7 million. The uptick to downtick ratio stood at 0.77 with a negative money flow of ($1.07) Million during Wednesdays trading session. The block trades money flow was negative ($0.83 million).The uptick to the downtick ratio of 0.69 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $1.82 million. The transaction of the trades on downticks amounted to $2.65 million, which confirms investors selling on the strength of price. Check Point Software Technologies Ltd. (CHKP) gained 41 cents at $81.6, an increase of 0.5% over the previous days close.
Also, In the latest statement by the brokerage house, OTR GLobal downgrades its outlook on Check Point Software Technologies Ltd. (NASDAQ:CHKP). The current rating of the shares is Mixed, according to the research report released by the firm. Previously, the company had a rating of Positive. The rating by the firm was issued on July 11, 2016.
Check Point Software Technologies Ltd. (NASDAQ:CHKP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $81.97 and $81.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $82.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $82.26, notching a gain of 1.32% for the day. The total traded volume was 1,035,949 . The stock had closed at $81.19 on the previous day.
The stock has recorded a 20-day Moving Average of 2.02% and the 50-Day Moving Average is 0.29%.
Check Point Software Technologies Ltd (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. The Checkpoints Software Blade architecture offers enterprises a common platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis, or multi-domain management. The Company offers these software blades grouped into functional packages to address specific security issues. Software-defined Protection (SDP) is a security architecture that is designed to protect against unknown threats.