Shares of NetApp (NTAP) Rally 2.97%

NetApp (NTAP) has been under a strong bear grip, hence the stock is down -2.61% 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 1.46% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.97% in the last 1 week, and is up 1.65% 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 3.6% and the 50-Day Moving Average is 4.48%.

NetApp (NASDAQ:NTAP): The stock opened at $25.42 on Friday but the bulls could not build on the opening and the stock topped out at $25.46 for the day. The stock traded down to $25.13 during the day, due to lack of any buying support eventually closed down at $25.27 with a loss of -0.08% for the day. The stock had closed at $25.29 on the previous day. The total traded volume was 1,739,091 shares.


The company Insiders own 0.59% of NetApp shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -89.62% . Institutional Investors own 93.66% of NetApp shares. During last six month period, the net percent change held by insiders has seen a change of -89.62%. In a related news,The Officer (Exec Vp, Product Operations) of NetApp, Inc., Reich Joel D sold 2,241 shares at $24.35 on June 30, 2016. The Insider selling transaction had a total value worth of $54,568. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

NetApp, Inc. (NetApp) is engaged in providing software, systems and services to manage and store customer data. The Company offers a portfolio of products and services to a range of customer workloads across various data types and deployment models. Its data management solutions enable customers on-premises or in a public cloud resource to control, integrate, move and manage it. It offers both all-flash arrays and hybrid flash arrays and its portfolio includes hybrid and all-flash storage offerings. The Company also offers FlexPod solutions for workloads, such as big data, HPC and video analytics that integrate Hadoop. Its scale-out fabric-attached storage (FAS) platform uses the NetApp Data ONTAP storage operating system. Its Data ONTAP software delivers data protection, data management and software for virtualized, shared infrastructures, cloud computing and mixed workload business applications. The Company focuses on the data management and storage markets.

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