inContact (SAAS) Shares are Up 0.22%

inContact (SAAS) has been under a strong bear grip, hence the stock is down -1.09% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.16% in the past 1 week. The stock has risen by 0.22% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.07% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.01% and the 50-Day Moving Average is 0.07%. inContact (NASDAQ:SAAS): On Fridays trading session , Opening price of the stock was $13.87 with an intraday high of $13.875. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $13.83. However, the stock managed to close at $13.84, a loss of 0.14% for the day. On the previous day, the stock had closed at $13.86. The total traded volume of the day was 655,201 shares.


The company Insiders own 6.3% of inContact shares according to the proxy statements. Institutional Investors own 93.66% of inContact shares. Also, In a research note released to the investors, Craig-Hallum downgrades its rating on inContact (NASDAQ:SAAS).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on May 19, 2016.

inContact, Inc. (inContact) is a provider of cloud contact center software solutions. The Company provides a range of cloud contact center call routing, self-service and agent optimization solutions. The Company operates through two segments: Software and Network connectivity. inContacts Software segment includes services related to the delivery of its cloud contact center software solutions. The Companys Network connectivity segment provides voice and data long distance services. The Company offers its products and services to customers in five vertical markets: business process outsourcers (BPOs), retail and direct response, healthcare providers, utilities, and state and local Government. The Company has facilities in the United States, Europe, the Philippines and Hong Kong. The Companys registered trademarks in the United States and elsewhere include inContact, inTouch, ECHO, inCloud, Satisfaction as a Service and Personal Connection.

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