Vmware Inc. Class A (VMW) Moves Lower on Volume Spike for August 27

Equities Staff  |

Vmware Inc. Class A (VMW) traded on unusually high volume on Aug. 27, as the stock lost 1.69% to close at $130.56. On the day, Vmware Inc. Class A saw 2.8 million shares trade hands on 22,727 trades. Considering that the stock averages only a daily volume of 1.64 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $206.80 and $129.33 over the last 52-weeks, its 50-day SMA is now $165.10, and its 200-day SMA $164.38. Vmware Inc. Class A has a P/B ratio of 10.28. It also has a P/E ratio of 8.9.

VMware, a majority-owned subsidiary of Dell, is an industry leader in virtual machines for data center servers and computer desktops. The software provider operates in the three segments of licenses, maintenance, and professional services. Customers include enterprises utilizing data centers, end-user computing, cloud providers, and software-defined networking. The Palo Alto, California, firm operates and sells on a global scale, with about half its revenue from the United States, through direct sales, distributors, and partnerships.

Headquartered in Palo Alto, CA, Vmware Inc. Class A has 24,200 employees and is currently under the leadership of CEO Patrick P. Gelsinger.

For a complete fundamental analysis analysis of Vmware Inc. Class A, check out Equities.com’s Stock Valuation Analysis report for VMW.

Still paying commissions on stock trades? Equities.com now offers $7.99/month unlimited trading and flat-fee options trading for $89.99/month! Get started today by https://www.equities.com/trading-start

To get more information on Vmware Inc. Class A and to follow the company’s latest updates, you can visit the company’s profile page here: VMW’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     
BA

     
WMT

     
DIS

     
GOOG

     
XOM

     
BRK.A

     
FB

     
JNJ

     
WFC

     
T

     
NFLX

     
TSLA

     
V

     
UNH

     
PG