Shares of Symantec Corporation (SYMC) Sees Large Outflow of Money

Symantec Corporation (SYMC) : Money flow in the Symantec Corporation (SYMC) stock was negative (4.45 million) on Monday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $22.78 million, compared to $27.22 million on downticks. The total uptick to downtick ratio was 0.84, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($5.45 million), indicating selling on the strength. The transaction value during uptick in block trades was $5.27 million. Downtick transaction value in block trades amounted to $10.72 million, indicating persistent selling. The uptick to downtick ratio was 0.49. Symantec Corporation (SYMC) traded $0.42 higher at $22.96 gaining 1.86% over the previous days close.


Shares of Symantec Corporation rose by 5.05% in the last five trading days and 9.26% for the last 4 weeks. Symantec Corporation is up 35.9% in the last 3-month period. Year-to-Date the stock performance stands at 36.95%.

Symantec Corporation (NASDAQ:SYMC): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.76 and $22.65 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.88, notching a gain of 1.51% for the day. The total traded volume was 12,762,214 . The stock had closed at $22.54 on the previous day.

In a related news, Vautrinot Suzanne M, director of Symantec Corp, unloaded 3,750 shares at an average price of $20.39 on July 5, 2016. The total amount of the transaction was worth $76,463, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Symantec Corporation provides security, backup and availability solutions. The Company operates in three segments: Consumer Security, Enterprise Security, and Information Management. The Companys products and services offer protection of information in any environment from the mobile device, to the enterprise data center, to cloud-based systems. Consumers receive automatic downloads of the latest virus definitions, application bug fixes and patches for its consumer product. The Companys enterprise security support program offers annual maintenance support contracts, including content, upgrades and technical support. The Companys Consumer Security segment offers Norton-branded services, which provide multi-layer security and identity protection on desktop and mobile operating systems, to defend against online threats to individuals, families and small businesses.

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