Company Shares of Nimble Storage Drops by -2.58%

#Nimble Storage (NYSE:NMBL) has tumbled 2.58% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 15.6% in the last four weeks. The stocks have underperformed the S&P 500 by 1.41% during the past week but Nimble Storage (NYSE:NMBL) it has outperformed the index in 4 weeks by 14.54%. #enterprisestorage

Nimble Storage (NYSE:NMBL): The stock opened at $8.48 on Friday but the bulls could not build on the opening and the stock topped out at $8.57 for the day. The stock traded down to $8.17 during the day, due to lack of any buying support eventually closed down at $8.30 with a loss of -1.89% for the day. The stock had closed at $8.46 on the previous day. The total traded volume was 1,421,964 shares.

The company shares have dropped -73.10% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $31.00 and the one year low was seen on Feb 16, 2016. The 50-Day Moving Average price is $7.72 and the 200 Day Moving Average price is recorded at $7.86.

On the companys insider trading activities, The director, of Nimble Storage Inc, Kennelly Jerry M had unloaded 5,324 shares at $8.49 per share in a transaction on June 15, 2016. The total value of transaction was $45,201. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Many analysts have stated their opinion on the company shares. BTIG Research initiates coverage on Nimble Storage (NYSE:NMBL) . Analysts at the BTIG Research have a current rating of Neutral on the shares. The rating by the firm was issued on April 26, 2016. Currently the company Insiders own 20.9% of Nimble Storage shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -0.6% . Institutional Investors own 62.93% of Nimble Storage shares. During last six month period, the net percent change held by insiders has seen a change of -0.6%.

Nimble Storage, Inc. (Nimble Storage) engineers and delivers its customers with data storage platform. The Company has designed and sells a flash-optimized storage platform, Adaptive Flash. With the combination of the Companys file system, Cache Accelerated Sequential Layout (CASL), and its cloud-based storage management and support service, InfoSight, the Companys platform serves an array of enterprises and cloud-based service providers, and the Companys software and storage systems handle mainstream applications, including virtual desktops, databases, e-mail, collaboration and analytics. It enables information technology (IT) organizations to predict, manage and deliver the storage required to improve business applications and workloads across their IT environments. Its end-customers span a range of industries, such as cloud-based service providers, education, financial services, healthcare, manufacturing, state and local government and technology.

http://www.tradecalls.org/2016/06/company-shares-of-nimble-storage-drops-by-2-58-321482/