Shares of Netsuite Inc (N) Rally 6.88%

Netsuite Inc (N) has been under a strong bear grip, hence the stock is down -1.97% 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 5.3% 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 6.88% in the last 1 week, and is up 2.32% 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 5.69% and the 50-Day Moving Average is 2.69%.

Netsuite Inc (NYSE:N): The stock opened at $80.06 on Friday but the bulls could not build on the opening and the stock topped out at $80.72 for the day. The stock traded down to $78.66 during the day, due to lack of any buying support eventually closed down at $79.86 with a loss of -0.31% for the day. The stock had closed at $80.11 on the previous day. The total traded volume was 1,171,673 shares.


The company Insiders own 5.6% of Netsuite Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.29% . Institutional Investors own 58.7% of Netsuite Inc shares. During last six month period, the net percent change held by insiders has seen a change of 34.02%. In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of South Dakota Soybean Processors Llc, Skinner Ned had purchased shares worth of $66,600 in a transaction dated on July 1, 2016. A total of 18,500 shares were purchased at a price of $3.6 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

NetSuite Inc. (NetSuite) is a provider of cloud-based financials, enterprise resource planning (ERP) and omnichannel commerce software suites. The Companys offerings include NetSuite, NetSuite OneWorld, NetSuite CRM+, NetSuite OpenAir PSA, SuiteCommerce, NetSuite POS, TribeHR, LightCMS, Add-On Modules, NetSuite Industry Editions and SuiteCloud Platform. Its main offering is NetSuite, which provides core business management capabilities. NetSuite, OneWorld and NetSuite CRM+ are designed for use by most types of businesses. NetSuite OpenAir (OpenAir) PSA is for professional services businesses. SuiteCommerce enables businesses to move from standalone transactional channels to an integrated commerce solution. NetSuite POS is a point-of-sale solution. TribeHR is a HCM solution. LightCMS is a Web-based software platform. SuiteCloud is the Companys technology platform. It delivers its applications over the Internet as a subscription service using the software-as-a-service (SaaS) model.

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