Hortonworks (HDP) Shares are Down -2.68%

Hortonworks (HDP) has risen sharply, recording gains of 6.1% in the past 4 weeks. However, the stock has corrected -2.68% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 6.67% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 4.73% and the 50-Day Moving Average is 7.74%.The 200 Day SMA reached 27.01%

Hortonworks

Hortonworks (NASDAQ:HDP): The stock opened in the green at $8.55 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $8.63 and a low of $8.33 for the day. The stock did not find buyers even at the lows and closed at $8.35 recording a loss of -2.22%. 700,776 shares exchanged hands during the trading day. The stock had closed at $8.35 in the previous days trading.

Hortonworks (HDP) : Average target price received by Hortonworks (HDP) is $15.14 with an expected standard deviation of $4.91. The most aggressive target on the stock is $24, whereas the most downbeat target is $8. 7 financial analysts are currently covering the stock.

Hortonworks, Inc. is a provider and distributor of an enterprise-grade Hadoop solution called the Hortonworks Data Platform (HDP). The Companys platform integrates with data center technologies to enable data architectures and enables its customers to collect, store, process and analyze existing and new data types in a way that augments rather than replaces their existing data center infrastructure. It provides support subscription offerings and related professional services around the HDP, which is its open source software distribution of Apache Hadoop and associated projects. Its products include Hortonworks Data Platform and Hortonworks Sandbox. Its range of professional services are training and consulting. It caters to vertical markets, including online services, education, financial services, Government, healthcare/pharmaceuticals, industrials/manufacturing, media/entertainment, retail/ecommerce, technology and telecommunications.

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