Dupont Fabros Technology (DFT) : Traders are bullish on Dupont Fabros Technology (DFT) as it has outperformed the S&P 500 by a wide margin of 0.43% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.45%, 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 1.51% in the last 1 week, and is up 1.46% 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 0.79% and the 50-Day Moving Average is 1.64%. Dupont Fabros Technology (NYSE:DFT): On Fridays trading session , Opening price of the stock was $47.35 with an intraday high of $48.2. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $46.93. However, the stock managed to close at $47.17, a loss of 0.17% for the day. On the previous day, the stock had closed at $47.25. The total traded volume of the day was 697,791 shares.
The company Insiders own 5.9% of Dupont Fabros Technology shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -19.67% . Institutional Investors own 95.45% of Dupont Fabros Technology shares. During last six month period, the net percent change held by insiders has seen a change of -24.03%. Also, Brokerage firm Jefferies maintains its rating on Dupont Fabros Technology (NYSE:DFT). As per the latest information, the brokerage house raises the price target to $49 per share from a prior target of $46. The shares have been rated Hold. The rating by the firm was issued on August 11, 2016.
DuPont Fabros Technology, Inc. is an owner, developer, operator and manager of enterprise-class, carrier-neutral, large multi-tenant wholesale data centers. The Companys facilities are designed to offer specialized, efficient and safe computing environments in a low-cost operating model. The Companys customers outsource their mission-critical applications and include national and international enterprises across numerous industries, such as technology, Internet content providers, media, communications, cloud-based, healthcare and financial services. The Companys 12 data centers are located in four major United States markets, which total approximately three million gross square feet and approximately 266 megawatts of available critical load to power the servers and computing equipment of its customers.