VeriSign (VRSN) stock had a bullish inflow of $17.5 million worth of trades on uptick and an outflow of $10.15 million in downticks on Tuesday. The total uptick to downtick ratio stood at 1.72. The net money flow into the stock was $7.36 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $8.92 million. $8.92 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, VeriSign (VRSN) stock traded down $0.22 , and reached $74.32, a drop of -0.3% over the previous day. On a weekly basis, the stock is -0.92%, over the previous weeks close.
Also, JP Morgan maintains its view on VeriSign (NASDAQ:VRSN) according to the research report released by the firm to its investors. The shares have now been rated Underweight by the stock experts at the ratings house. JP Morgan raises the price target from $84 per share to $88 per share on VeriSign . The rating by the firm was issued on July 29, 2016.
VeriSign, Inc. has lost 1.41% in the last five trading days and dropped 13.2% in the last 4 weeks. VeriSign, Inc. has dropped 12.95% during the last 3-month period . Year-to-Date the stock performance stands at -14.93%.
VeriSign (NASDAQ:VRSN): The stock opened at $74.50 on Tuesday but the bulls could not build on the opening and the stock topped out at $74.99 for the day. The stock traded down to $74.28 during the day, due to lack of any buying support eventually closed down at $74.32 with a loss of -0.30% for the day. The stock had closed at $74.54 on the previous day. The total traded volume was 1,389,302 shares.
In a related news, The director, of Verisign Inc/Ca, Tomlinson Timothy had unloaded 1,477 shares at $85.3 per share in a transaction on August 2, 2016. The total value of transaction was $125,988. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
VeriSign, Inc. is a global provider of domain name registry services and Internet security, enabling Internet navigation for domain names and providing protection for Websites and enterprises around the world (Registry Services). The Companys product suite also includes Network Intelligence and Availability (NIA) Services consisting of Distributed Denial of Service (DDoS) Protection Services, Verisign iDefense Security Intelligence Services (iDefense) and Managed Domain Name System (Managed DNS) Services. The Companys Registry Services provides the security, stability and resiliency of Internet infrastructure and services, including the .com and .net domains, two of the Internets root servers, and operation of the root-zone maintainer functions for the core of the Internets Domain Name System (DNS). The Company has operations inside, as well as outside the United States.