On a relative basis, the stock has outperformed the S&P 500 by 8.91% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.39% in the last 1 week, and is up 8.76% 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 4.39% and the 50-Day Moving Average is 13.25%.The 200 Day SMA reached 31.16%. Cray Inc. has dropped 32.98% during the last 3-month period . Year-to-Date the stock performance stands at -28.1%.
Cray Inc (NASDAQ:CRAY): After opening at $23.02, the stock dipped to an intraday low of $22.71 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $23.37 and the buying power remained strong till the end. The stock closed at $23.33 for the day, a gain of 1.97% for the day session. The total traded volume was 463,366. The stocks close on the previous trading day was $22.88.
Cray Inc. designs, develops, manufactures, markets and services the high-performance computing (HPC). The Company markets supercomputers and provides storage and analytics solutions. It also provides software, system maintenance and support services, and engineering services related to supercomputer systems. The Company operates through segments, which include Supercomputing, Storage and Data Management, Maintenance and Support and Engineering Services and Other. It provides three models of customer-focused solutions: integrated supercomputing and storage solutions with tuned software; commodity-based cluster supercomputing and storage solutions, and turn-key analytic solutions featuring industry standards and graph technologies. The Company offers its solutions by combining supercomputing, cluster, storage and analytics technology. Its customers include domestic and foreign Government, and Government-funded entities, academic institutions and commercial entities.