EMC Corporation (EMC) : Net money flow in EMC Corporation (EMC) was negative ($36.88 million) and the inflow of money on uptick was $48.24 million, whereas, the outflow of money on downticks amounted to $85.12 million on Wednesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.57. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $6.42 million. On the other hand, the total value of block trades done on downticks was $50.17 million. The ratio of uptick to downtick block trades was 0.13. The money flow in block trades was negative ($43.75). EMC Corporation (EMC) gained $0.06 cent during the day and reached $28.17, a gain of 0.21% over the previous day.
Also, Mizuho Securities downgrades its view on EMC Corporation (NYSE:EMC) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on July 11, 2016.
EMC Corporation (NYSE:EMC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.09 and $28.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.17, notching a gain of 0.21% for the day. The total traded volume was 14,102,674 . The stock had closed at $28.11 on the previous day.
The stock has recorded a 20-day Moving Average of 2.71% and the 50-Day Moving Average is 2.43%. In a related news,The officer (President, RSA) of Emc Corp, Amit Yoran sold 21,487 shares at $27.17 on August 7, 2015. The Insider selling transaction had a total value worth of $583,802. The Insider information was disclosed 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.