Shares of Linear Technology Corporation (LLTC) Rally 2.71%

Linear Technology Corporation (LLTC) : Traders are bullish on Linear Technology Corporation (LLTC) as it has outperformed the S&P 500 by a wide margin of 0.88% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.19%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.71% in the last 1 week, and is up 5.29% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.32% and the 50-Day Moving Average is 5.16%.

Linear Technology Corporation (NASDAQ:LLTC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $48.61 and $48.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.59, notching a gain of 0.19% for the day. The total traded volume was 1,506,399 . The stock had closed at $48.50 on the previous day.


The company Insiders own 1.2% of Linear Technology Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -19.17% . Institutional Investors own 94.6% of Linear Technology Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -8.16%. In a related news, Chantalat V Paul, officer (VP of Quality & Reliability) of Linear Technology Corp /Ca/, unloaded 15,000 shares at an average price of $45.91 on April 25, 2016. The total amount of the transaction was worth $688,650, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Linear Technology Corporation (Linear Technology) is engaged in designing, manufacturing and marketing a line of high performance analog integrated circuits for companies across the world. Linear Technology produces power management, data conversion, signal conditioning, RF and interface ICs, Module subsystems, and wireless sensor network products. The Company produces a range of products for a variety of customers and markets. The Companys SmartMesh IP and SmartMesh WirelessHART technology offers wireless network based solutions using low power electronic components, board level products with mesh networking and software addressing high level applications such as industrial process automation, data center energy management, building energy management, renewable energy monitoring, and transportation management systems.

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