Shares of Symantec Corporation (SYMC) Sees Large Inflow of Net Money Flow

Symantec Corporation (SYMC): $1.36 million was the positive money flow into the stock on Friday and the up/down ratio of ticks was also in favor of the bulls at 2.32. The value of trades done on upticks was $2.4 million, whereas, trades done on downticks were valued at $1.04 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $1.42 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $1.42 million. Symantec Corporation (SYMC) fell $0.03 traded at $20.25, a change of -0.15% over the previous day. The stock is -3.3% for the week.


Symantec Corporation (SYMC) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $24 and the lowest price target forecast is $14. The average forecast of all the analysts is $20.65 and the expected standard deviation is $3.59.

Symantec Corporation (NASDAQ:SYMC): stock turned positive on Friday. Though the stock opened at $20.37, the bulls momentum made the stock top out at $20.51 level for the day. The stock recorded a low of $20.055 and closed the trading day at $20.49, in the green by 1.04%. The total traded volume for the day was 9,802,256. The stock had closed at $20.28 in the previous days trading.

In a related news, The Securities and Exchange Commission has divulged that Vautrinot Suzanne M, director of Symantec Corp, had unloaded 3,750 shares at an average price of $20.39 in a transaction dated on July 5, 2016. The total value of the transaction was worth $76,463.

Symantec Corporation provides security, backup and availability solutions. The Company operates in three segments: Consumer Security, Enterprise Security, and Information Management. The Companys products and services offer protection of information in any environment from the mobile device, to the enterprise data center, to cloud-based systems. Consumers receive automatic downloads of the latest virus definitions, application bug fixes and patches for its consumer product. The Companys enterprise security support program offers annual maintenance support contracts, including content, upgrades and technical support. The Companys Consumer Security segment offers Norton-branded services, which provide multi-layer security and identity protection on desktop and mobile operating systems, to defend against online threats to individuals, families and small businesses.

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