VeriSign (VRSN) Shares are Up 2.7%

VeriSign (VRSN) : Traders are bullish on VeriSign (VRSN) as it has outperformed the S&P 500 by a wide margin of 4.56% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.15%, 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 2.7% in the last 1 week, and is up 2.44% 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 1.79% and the 50-Day Moving Average is 4.41%.The 200 Day SMA reached 8.16% VeriSign, Inc. has dropped 8.86% during the last 3-month period . Year-to-Date the stock performance stands at -12%.


VeriSign (VRSN) : The highest level VeriSign (VRSN) is projected to reach is $90 for the short term and the lowest estimate is at $80. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $85 and the possibility the share price can swing is $7.07.

The shares have received a consensus rating of Sell for the current week VeriSign (NASDAQ:VRSN): stock was range-bound between the intraday low of $76.26 and the intraday high of $77.23 after having opened at $77.19 on Fridays session. The stock finally closed in the red at $77.19, a loss of -0.43%. The stock remained in the red for the whole trading day. The total traded volume was 1,446,714 shares. The stock failed to cross $77.23 in Fridays trading. The stocks closing price on Thursday was $77.21.

VeriSign, Inc. is a global provider of domain name registry services and Internet security, enabling Internet navigation for domain names and providing protection for Websites and enterprises around the world (Registry Services). The Companys product suite also includes Network Intelligence and Availability (NIA) Services consisting of Distributed Denial of Service (DDoS) Protection Services, Verisign iDefense Security Intelligence Services (iDefense) and Managed Domain Name System (Managed DNS) Services. The Companys Registry Services provides the security, stability and resiliency of Internet infrastructure and services, including the .com and .net domains, two of the Internets root servers, and operation of the root-zone maintainer functions for the core of the Internets Domain Name System (DNS). The Company has operations inside, as well as outside the United States.

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