Shares of Symantec Corporation (SYMC) Sees Large Inflow of Net Money Flow

The shares of Symantec Corporation (SYMC) traded with a loss of -0.35 points or -1.27% in the most recent session. The shares last traded at $27.2. As per the trading info, the shares saw $11.04 million in upticks and lost $8.61 million in downticks, resulting in a net money flow of $2.43 million. The up/down ratio for the day was measured at 1.28. For the week, the shares had posted -0.55%.From the block trade data available, the total upticks were valued at $5.44 million and the total downticks were valued at $2.56 million, thereby putting the up/down ratio at 2.12. The net money flow for the block transaction was $2.87 million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Symantec Corporation has dropped 0.04% in the last five trading days, however, the shares have posted positive gains of 14.06% in the last 4 weeks. Symantec Corporation is up 9.21% in the last 3-month period. Year-to-Date the stock performance stands at 14.06%. Symantec Corporation (NASDAQ:SYMC) witnessed a decline in the market cap on Wednesday as its shares dropped 1.09% or 0.3 points. After the session commenced at $27.65, the stock reached the higher end at $27.7 while it hit a low of $26.96. With the volume soaring to 12,311,307 shares, the last trade was called at $27.25. The company has a 52-week high of $27.7. The company has a market cap of $16,988 million and there are 623,419,220 shares in outstanding. The 52-week low of the share price is $16.14.

Company has reported several Insider transactions to the SEC, on Jan 18, 2017, Michael David Fey (President and COO) sold 13,215 shares at 25.87 per share price.On Jan 18, 2017, Scott C Taylor (EVP, Gen. Counsel & Secretary) sold 32,000 shares at 26.03 per share price.On Jan 9, 2017, Suzanne M Vautrinot (director) sold 2,500 shares at 25.00 per share price.

Symantec Corporation Last issued its quarterly earnings results on Feb 1, 2017. The company reported $0.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.04. Analyst had a consensus of $0.28. The company had revenue of $1088.00 million for the quarter, compared to analysts expectations of $1077.05 million. The companys revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Symantec Corporation was Resumed by Citigroup to Neutral on Jan 30, 2017. Company shares were Reiterated by RBC Capital Mkts on Jan 30, 2017 to Outperform, Raises Price Target to $ 30 from a previous price target of $28 .

Symantec, a world leader in Internet security technology, provides a broad range of content security solutions to individuals and companies. The company is a leading provider of anti-virus protection, Internet content and e-mail filtering, and mobile code detection technologies to enterprise customers.

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