Shares of ZAGG Inc (ZAGG) Rally 20.91%

ZAGG Inc (ZAGG) : Traders are bullish on ZAGG Inc (ZAGG) as it has outperformed the S&P 500 by a wide margin of 5.43% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 19.13%, 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 20.91% in the last 1 week, and is up 10.04% 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 19.26% and the 50-Day Moving Average is 12.84%.

ZAGG Inc (NASDAQ:ZAGG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.29 and $5.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.36, notching a gain of 3.08% for the day. The total traded volume was 1,342,871 . The stock had closed at $6.17 on the previous day.


The company Insiders own 4.4% of ZAGG Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 36.83% . Institutional Investors own 95.33% of ZAGG Inc shares. During last six month period, the net percent change held by insiders has seen a change of 36.83%. In a related news, Heiner E Todd, director of Zagg Inc had purchased 37,865 shares on May 19, 2016 in a transaction. The price per share was $5.25 and the total amount of the disclosed transaction was $198,791.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Zagg Inc. (Zagg) designs, produces and distributes product solutions. The Company offers screen protection, keyboards for tablet computers and mobile devices, keyboard cases, earbuds, mobile power solutions, cables, and cases under the ZAGG and InvisibleShield brands. In addition, the Company designs, produces, and distributes earbuds, headphones, mobile power solutions, Bluetooth speakers, cases and cables for mobile devices under the iFrogz brand in the fashion and youth oriented lifestyle sector. The Company designs product solutions for users of mobile devices, and sells these products to consumers through global distribution partners and online. The Company offers products for market segments of handheld electronic devices, including smartphones, tablets, MP3 players, notebook computers, laptops, gaming devices, Global Positioning System (GPS) devices, watch faces, and similar devices and surfaces.

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