Shares of Oclaro (OCLR) Rally 7.98%

Oclaro (OCLR) has been under a strong bear grip, hence the stock is down -2.67% 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 6.39% 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 7.98% in the last 1 week, and is up 1.58% 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 5.24% and the 50-Day Moving Average is 6.01%.

Oclaro (NASDAQ:OCLR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.14 and $5.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.14, notching a gain of 0.78% for the day. The total traded volume was 2,442,452 . The stock had closed at $5.10 on the previous day.


The company Insiders own 2.3% of Oclaro shares according to the proxy statements. Institutional Investors own 77.6% of Oclaro shares. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Oclaro, Inc., Dougherty Greg, had purchased 20,000 shares in a transaction dated on May 19, 2015. The transaction was executed at $2.06 per share with total amount equaling $41,200.

Oclaro, Inc. is a provider of optical components, modules and subsystems for the optical transport, service provider, enterprise and data center markets. The Company supplies optical network technology to telecommunication and data communication equipment companies across the world. The Company designs, manufactures and markets optical components, modules and subsystems that generate, detect, combine and separate light signals in optical communications networks. Its product offerings include client side transceivers, line side transceivers, tunable laser transmitters, lithium niobate modulators, transponder modules and receivers. The Company supplies optical products, including tunable lasers, external modulators, integrated lasers and modulators and receivers. The Company also supplies products at the module and subsystem levels, including transceivers, transponders and controlled subsystems.

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