Large Inflow of Money Detected in Check Point Software Technologies Ltd.

Check Point Software Technologies Ltd. (CHKP) : $3.6 million worth of transactions were on upticks in Check Point Software Technologies Ltd. (CHKP), compared to $2.31 million on downticks. The ratio between the two was 1.56, whereas, the net money flow stood at a healthy $1.29 million on Tuesdays session. The consistent buying on upticks in the stock accounted for $1.46million worth of trades. The total money flow into the stock stood at $1.46 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.29%. The stock was trading at $76, with a drop of $0.22 over the previous days close. The stock recorded -1.72% for the week.


Also, Baird initiates coverage on Check Point Software Technologies Ltd. (NASDAQ:CHKP) The current rating of the shares is Neutral. The rating by the firm was issued on August 24, 2016.

Check Point Software Technologies Ltd. has lost 0.22% in the last five trading days and dropped 0.09% in the last 4 weeks. Check Point Software Technologies Ltd. has dropped 10.35% during the last 3-month period . Year-to-Date the stock performance stands at -6.59%.

Check Point Software Technologies Ltd. (NASDAQ:CHKP): The stock opened at $76.28 on Tuesday but the bulls could not build on the opening and the stock topped out at $76.69 for the day. The stock traded down to $75.81 during the day, due to lack of any buying support eventually closed down at $76.02 with a loss of -0.26% for the day. The stock had closed at $76.22 on the previous day. The total traded volume was 920,859 shares.

Check Point Software Technologies Ltd (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. The Checkpoints Software Blade architecture offers enterprises a common platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis, or multi-domain management. The Company offers these software blades grouped into functional packages to address specific security issues. Software-defined Protection (SDP) is a security architecture that is designed to protect against unknown threats.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.