Stock Price of Symantec Corporation (SYMC) Increases 2.15%

Symantec Corporations in-depth stock price analysis indicates that the stock price has rallied 22.19% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 22.34% . Looking at the past 52 week period, the stock price is up at 51.54% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Symantec Corporation has a positive value of 29.98 compared to overall market. Symantec Corporation (NASDAQ:SYMC) has climbed 2.15% in the past week and advanced 11.02% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.32% and the outperformance has advanced to 9.03% for the last 4 weeks period.

Symantec Corporation (NASDAQ:SYMC) : On Friday heightened volatility was witnessed in Symantec Corporation (NASDAQ:SYMC) which led to swings in the share price. The stock opened for trading at $29.08 and hit $29.26 on the upside , eventually ending the session at $29.02, with a gain of 0.1% or 0.03 points. The heightened volatility saw the trading volume jump to 4,720,263 shares. The 52-week high of the share price is $29.26 and the company has a market cap of $17,959 million. The 52-week low of the share price is at $16.14 .

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 Barclays on Feb 10, 2017 to Equal Weight, Price Target of the shares are set at $30.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 .

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, 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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