Shares of EMC Corporation (EMC) Sees Large Outflow of Money

EMC Corporation (EMC) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (12.08 million) in EMC Corporation (EMC). On Tuesday, The value of composite uptick trades was $64.33 million, whereas, the value of composite downtick trades was $76.41 million and the ratio between the two was 0.84, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $31.98 million. $18.91 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.59. The negative money flow of ($13.07 million) shows selling on strength. EMC Corporation (EMC) gained $0.26 intraday at $28.93 and registrered 0.91% for the week.


Also, Brokerage firm Deutsche Bank maintains its rating on EMC Corporation (NYSE:EMC). As per the latest information, the brokerage house raises the price target to $29 per share from a prior target of $27. The shares have been rated Hold. The rating by the firm was issued on August 25, 2016.

Shares of EMC Corporation rose by 1.26% in the last five trading days and 2.22% for the last 4 weeks. EMC Corporation is up 4.16% in the last 3-month period. Year-to-Date the stock performance stands at 13.86%.

EMC Corporation (NYSE:EMC): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.68 and $28.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.99, notching a gain of 1.12% for the day. The total traded volume was 47,113,513 . The stock had closed at $28.67 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Amit Yoran, officer (President, RSA) of Emc Corp, had unloaded 21,487 shares at an average price of $27.17 in a transaction dated on August 7, 2015. The total value of the transaction was worth $583,802.

EMC Corporation (EMC) is a service provider to information technology (IT) operations to an as a service model (ITaaS). It develops, delivers and supports the IT industrys range of information infrastructure and virtual infrastructure technologies, solutions and services. EMC manages the Company as part of a federation of businesses: EMC Information Infrastructure, VMware Virtual Infrastructure and Pivotal. EMC Information Infrastructure business consists of three divisons: Information Storage, Enterprise Content Division and RSA Information Security. EMC Information Infrastructure provides a foundation for organizations to store, manage, protect, analyze and secure quantities of information. VMware develops and markets its product and service offerings within three main product groups: Software-Defined Data Center, Cloud Services and End-User Computing. Pivotals three offerings include the Pivotal Big Data Suite, Pivotal Labs and Pivotal Cloud Foundry.

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