NCR Corporation (NCR) : Traders are bullish on NCR Corporation (NCR) as it has outperformed the S&P 500 by a wide margin of 7.68% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.38%, 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 1.44% in the last 1 week, and is up 8.8% 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 3.4% and the 50-Day Moving Average is 9.23%. NCR Corporation (NYSE:NCR): On Fridays trading session , Opening price of the stock was $33.33 with an intraday high of $33.56. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $32.95. However, the stock managed to close at $33.15, a loss of 0.90% for the day. On the previous day, the stock had closed at $33.45. The total traded volume of the day was 824,293 shares.
The company Insiders own 1.2% of NCR Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -39.79% . Institutional Investors own 84.61% of NCR Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -39.79%. Also, In a research note released to the investors, JP Morgan maintains its rating on NCR Corporation (NYSE:NCR).The analysts at the brokerage house have a current rating of Overweight on the shares. In a recent information released to the investors, JP Morgan raises the new price target from $35 per share to $37 per share. The rating by the firm was issued on July 27, 2016.
NCR Corporation (NCR) is a global technology company that provides products and services that enable businesses to connect, interact and transact with their customers. It operates in four business segments, which include Financial Services, Retail Solutions, Hospitality and Emerging Industries. NCR offers financial services, such as a line of ATM and payment processing hardware and software; cash management and video banking software and digital banking services, and related installation, maintenance and managed and professional services. NCR offers technology solutions to customers in the hospitality industry. The Company offers maintenance, as well as managed and professional services for third-party computer hardware provided to select manufacturers. The Company offers solutions to customers in the retail industry.