Shares of Polycom (PLCM) Rally 0.65%

On a relative basis, the stock has outperformed the S&P 500 by 0.03% in the past 4 weeks, but has underperformed the S&P 500 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 0.65% in the last 1 week, and is up 4.4% 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 6.38% and the 50-Day Moving Average is 6.22%.

Polycom (NASDAQ:PLCM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.30 and $12.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.33, notching a gain of 0.24% for the day. The total traded volume was 2,437,269 . The stock had closed at $12.30 on the previous day.


The company Insiders own 0.65% of Polycom shares according to the proxy statements. Institutional Investors own 92.06% of Polycom shares. In a related news, The director, of Polycom Inc, Mercer D Scott had unloaded 7,500 shares at $11.14 per share in a transaction on August 3, 2015. The total value of transaction was $83,550. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Polycom, Inc. offers solutions for voice, video and content sharing. The Companys video, voice and content-management and content-sharing solutions include immersive telepresence and conference room systems, home/work office solutions, applications for mobile devices, browser-based video collaboration and cloud-delivered services. The Company operates in three geographic segments: Americas, Europe, Middle East and Africa (EMEA) and Asia Pacific (APAC). The Company offers various products and solutions, which include UC Group Systems, UC Platform and UC Personal Devices. UC Group Systems includes immersive telepresence, group video and group voice systems. UC Platform includes universal collaboration servers, virtualization management (distributed media optimization), resource management, and recording and streaming and remote access technologies that constitute the RealPresence Platform. UC Personal Devices includes desktop video devices and desktop voice products.

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