Shares of VeriSign, Inc. (VRSN) Sees Large Inflow of Net Money Flow

VeriSign, Inc. (VRSN) saw its share price trade relatively negative in the recent trading session. The share price was last updated to $80.2 with a loss of -0.02 points or -0.02%. The net money flow was $21.77 million and the up/down ratio was 2.84. Approximately $33.62 million was the inflow in upticks and $11.85 million was the outflow in downticks. On a weekly measure, the shares have seen a price change of -1.26%.The shares witnessed a block transaction with a net money flow of $22.39 million. The total money in uptick was $23.42 million and in downtick was $1.02 million with the up/down ratio reaching 22.9.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

VeriSign, Inc. has dropped 1.33% in the last five trading days, however, the shares have posted positive gains of 5.47% in the last 4 weeks. VeriSign, Inc. has dropped 4.51% during the last 3-month period . Year-to-Date the stock performance stands at 5.47%. VeriSign, Inc. (NASDAQ:VRSN) rose 0.02% or 0.02 points on Wednesday and made its way into the gainers of the day. After trading began at $80.09 the stock was seen hitting $81.54 as a peak level and $79.58 as the lowest level. The stock ended up at $80.23. The daily volume was measured at 1,120,592 shares. The 52-week high of the share price is $91.99 and the 52-week low is $70.26. The company has a market cap of $8,390 million.

Company has reported several Insider transactions to the SEC, on Jan 30, 2017, Kathleen A Cote (director) sold 5,000 shares at 84.00 per share price.On Aug 3, 2016, Timothy Tomlinson (director) sold 1,477 shares at 85.30 per share price.On Apr 30, 2015, Jamie S Gorelick (director) purchased 1,000 shares at 64.19 per share price.

Verisign Last issued its quarterly earnings results on Oct 27, 2016. The company reported $0.93 EPS for the quarter, beating the analyst consensus estimate by $ 0.06. Analyst had a consensus of $0.87. The company had revenue of $287.60 million for the quarter, compared to analysts expectations of $287.14 million. The companys revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS.

Verisign, a global leader in domain names and Internet security, enables Internet navigation for many of the worlds most recognized domain names and provides protection for websites and enterprises around the world. Verisign ensures the security, stability and resiliency of key Internet infrastructure and services, including the .com and .net domains and two of the Internets root servers, as well as performs the root-zone maintainer functions for the core of the Internets Domain Name System (DNS). Verisigns Security Services include intelligence-driven Distributed Denial of Service Protection, iDefense Security Intelligence and Managed DNS.


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