Vuzix Corporation (VUZI) : Traders are bullish on Vuzix Corporation (VUZI) as it has outperformed the S&P 500 by a wide margin of 13.97% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 23.66%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 25.51% in the last 1 week, and is up 18.96% 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 19.16% and the 50-Day Moving Average is 33.8%.
Vuzix Corporation (NASDAQ:VUZI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.23 and $7.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.97, notching a gain of 9.93% for the day. The total traded volume was 1,811,924 . The stock had closed at $7.25 on the previous day.
The company Insiders own 23.2% of Vuzix Corporation shares according to the proxy statements. Institutional Investors own 7.34% of Vuzix Corporation shares. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CFO of Vuzix Corp, Russell Grant, had purchased 3,500 shares in a transaction dated on September 18, 2015. The transaction was executed at $4.85 per share with total amount equaling $16,975.