Dataram Corporation (DRAM) has been under a strong bear grip, hence the stock is down -45.85% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 9% in the past 1 week. The stock has risen by 10.63% in the past week indicating that the buyers are active at lower levels, but the stock is down -43.48% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 17.7% and the 50-Day Moving Average is 26.65%.
Dataram Corporation (NASDAQ:DRAM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $1.50 and $1.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $1.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $1.56, notching a gain of 4.70% for the day. The total traded volume was 2,014,438 . The stock had closed at $1.49 on the previous day.
The company Insiders own 2.6% of Dataram Corporation shares according to the proxy statements. Institutional Investors own 4.38% of Dataram Corporation shares. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Dataram Corp, Moylan David Alan, had purchased 50,000 shares in a transaction dated on June 8, 2015. The transaction was executed at $2 per share with total amount equaling $100,000.
Dataram Corporation (Dataram) is an independent manufacturer of memory products and provider of performance solutions. The Company markets memory systems for use with servers and workstations, which are manufactured by various companies. It provides customized memory solutions for original equipment manufacturers (OEMs) and memory for various brands, including HP, IBM, Lenovo and Oracle, as well as a line of memory products for Intel and AMD motherboard based servers. It operates through four business lines: Dataram/Princeton Memory, Micro Memory Bank (MMB), MemoryStore.com and 18004Memory.com. The Dataram/Princeton Memory Business provides memory products. The Micro Memory Bank business provides refurbished memory products. The Memory.com Web property provides a source for new and refurbished memory products used in desktops, laptops, notebooks, printers and digital cameras, among others. The Memorystore.com Web property provides a Web source for Dataram Value Memory products.