Shares of Vmware (VMW) Sees Large Outflow of Money

Vmware (VMW) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (3.02 million) in Vmware (VMW). On Tuesday, The value of composite uptick trades was $12.93 million, whereas, the value of composite downtick trades was $15.95 million and the ratio between the two was 0.81, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $2.1 million. The negative money flow of ($2.1 million) shows selling on strength. Vmware (VMW) gained $0.17 intraday at $75.4 and registrered 0.23% for the week.


Also, Citigroup downgrades their rating on the shares of Vmware (NYSE:VMW). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. Equity Analysts at the Firm lowers the price target to $79 per share from $99 per share. The rating by the firm was issued on July 26, 2016.

VMware, Inc. has dropped 0.46% in the last five trading days, however, the shares have posted positive gains of 2.39% in the last 4 weeks. VMware, Inc. is up 20.66% in the last 3-month period. Year-to-Date the stock performance stands at 31.2%.

Vmware (NYSE:VMW): The stock opened at $76.59 on Tuesday but the bulls could not build on the opening and the stock topped out at $76.99 for the day. The stock traded down to $73.99 during the day, due to lack of any buying support eventually closed down at $74.22 with a loss of -1.34% for the day. The stock had closed at $75.23 on the previous day. The total traded volume was 4,460,670 shares.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Sr. Vice President, CAO) of Vmware, Inc., Krysler P. Kevan had sold 6,988 shares worth of $505,931 in a transaction dated July 27, 2016. In this transaction, 6,988 shares were sold at $72.4 per share.

VMware, Inc. is a provider of virtualization infrastructure solutions. The Company develops and markets its product and service offerings within three product groups, which include software-defined data center (SDDC), hybrid cloud computing and end-user computing (EUC). The Companys SDDC is designed to transform the data center into an on-demand service that addresses application requirements by abstracting, pooling and automating the services that are required from the underlying hardware. The hybrid cloud computing enables customers to utilize off-premise vSphere-based hybrid cloud computing capacity. End-user computing enables information technology (IT) organizations to deliver secure access to data, applications and devices to end users.

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