Gigamon (GIMO) : Tuesdays money flow data in Gigamon (GIMO) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $1.07 million, whereas, $0.58 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.86, in favor of the bulls. The total money flow into the stock was $0.49 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $0.1 million. The total value of block trades done on upticks was $0.1 million. Gigamon (GIMO) fell $0.28 and traded at $40.81, down -0.69% for the day, over previous days close. On a weekly basis, the shares are 2.71% over the previous weeks close.
The company Insiders own 9.66% of Gigamon shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -10.05% . Institutional Investors own 78.47% of Gigamon shares. During last six month period, the net percent change held by insiders has seen a change of -6.5%. In an insider trading activity, The Securities and Exchange Commission has divulged that Burns Mike, officer (Chief Financial Officer) of Gigamon Inc., had unloaded 2,068 shares at an average price of $37.27 in a transaction dated on June 22, 2016. The total value of the transaction was worth $77,074.
Shares of Gigamon Inc. rose by 9.8% in the last five trading days and 20.38% for the last 4 weeks. Gigamon Inc. is up 40.98% in the last 3-month period. Year-to-Date the stock performance stands at 52.28%.
Gigamon (NYSE:GIMO): On Tuesdays trading session , Opening price of the stock was $41.14 with an intraday high of $41.2299. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $40.23. However, the stock managed to close at $40.46, a loss of 1.53% for the day. On the previous day, the stock had closed at $41.09. The total traded volume of the day was 640,688 shares.
Gigamon Inc. offers a solution that delivers visibility and control of traffic across networks. The Companys Unified Visibility Fabric solution consists of a distributed system of nodes (or a Fabric) that enables a level of visibility, modification and control of network traffic. The Visibility Fabric spans physical appliances, virtual nodes and traffic from remote sites to enable visibility of network infrastructures. Its Fabric enables IT organizations to gain visibility into infrastructure by forwarding selected traffic of interest from network and server infrastructure to management, analysis, compliance and security tools. Its product offering includes a single product family comprising its GigaVUE, GigaSECURE, GigaSMART and GigaTAP products. Its GigaSMART platform provides a range of software applications to modify, manipulate, transform, filter, correlate and sample network traffic.