Polycom (PLCM) : During the past 4 weeks, traders have been relatively bearish on Polycom (PLCM), hence the stock is down -0.99% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.1% 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 0.32% in the last 1 week, and is up 1.47% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Polycom (NASDAQ:PLCM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.42 and $12.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.43, notching a gain of 0.20% for the day. The total traded volume was 1,839,653 . The stock had closed at $12.41 on the previous day.
The stock has recorded a 20-day Moving Average of 0.57% and the 50-Day Moving Average is 4.25%. Polycom, Inc. is up 8.65% in the last 3-month period. Year-to-Date the stock performance stands at -1.27%.
Polycom, Inc. offers solutions for voice, video and content sharing. The Companys video, voice and content-management and content-sharing solutions include immersive telepresence and conference room systems, home/work office solutions, applications for mobile devices, browser-based video collaboration and cloud-delivered services. The Company operates in three geographic segments: Americas, Europe, Middle East and Africa (EMEA) and Asia Pacific (APAC). The Company offers various products and solutions, which include UC Group Systems, UC Platform and UC Personal Devices. UC Group Systems includes immersive telepresence, group video and group voice systems. UC Platform includes universal collaboration servers, virtualization management (distributed media optimization), resource management, and recording and streaming and remote access technologies that constitute the RealPresence Platform. UC Personal Devices includes desktop video devices and desktop voice products.