The stock of Cray Inc. (NASDAQ:CRAY) is a huge mover today! About 731,168 shares traded hands or 77.22% up from the average. Cray Inc. (NASDAQ:CRAY) has declined 45.36% since April 8, 2016 and is downtrending. It has underperformed by 51.01% the S&P500.
The move comes after 8 months negative chart setup for the $869.62 million company. It was reported on Nov, 10 by Barchart.com. We have $18.13 PT which if reached, will make NASDAQ:CRAY worth $78.27 million less.
Cray Inc. (NASDAQ:CRAY) Ratings Coverage
Out of 4 analysts covering Cray (NASDAQ:CRAY), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Cray has been the topic of 9 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Tuesday, November 8 by Stifel Nicolaus. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, February 12 report. On Friday, February 12 the stock rating was maintained by Needham with “Buy”. The stock of Cray Inc. (NASDAQ:CRAY) earned “Buy” rating by Needham on Friday, July 31. The stock of Cray Inc. (NASDAQ:CRAY) earned “Buy” rating by Sidoti on Tuesday, April 19. The stock of Cray Inc. (NASDAQ:CRAY) earned “Hold” rating by Craig Hallum on Wednesday, May 4. As per Tuesday, November 8, the company rating was upgraded by Needham. The company was downgraded on Wednesday, May 4 by Needham. The stock has “Neutral” rating given by Sidoti on Monday, March 7.
According to Zacks Investment Research, “Cray Inc., formerly Tera Computer Company, designs, builds and sells high-performance vector processor and general-purpose parallel computer systems. The company has leading edge technology, multiple product platforms, annual revenues, nearly 900 employees, major manufacturing and service capabilities, and extensive global customer relationships. (PRESS RELEASE)”
Insitutional Activity: The institutional sentiment decreased to 0.7 in Q2 2016. Its down 1.48, from 2.18 in 2016Q1. The ratio fall, as 40 funds sold all Cray Inc. shares owned while 57 reduced positions. 16 funds bought stakes while 52 increased positions. They now own 36.80 million shares or 3.14% less from 37.99 million shares in 2016Q1.
The New York-based Gilder Gagnon Howe & Limited Liability Co has invested 0.98% in Cray Inc. (NASDAQ:CRAY). Royal Financial Bank Of Canada holds 0% of its portfolio in Cray Inc. (NASDAQ:CRAY) for 12,848 shares. Moreover, Ubs Asset Americas has 0% invested in Cray Inc. (NASDAQ:CRAY) for 17,967 shares. Cap Invsts has 3.98M shares for 0.04% of their US portfolio. Moreover, Bluecrest Capital has 0.01% invested in Cray Inc. (NASDAQ:CRAY) for 9,464 shares. Deere And Com owns 11,421 shares or 0.02% of their US portfolio. Exane Derivatives last reported 0% of its portfolio in the stock. Wells Fargo & Mn accumulated 1.44 million shares or 0.02% of the stock. Manufacturers Life Ins The last reported 0% of its portfolio in the stock. Pinebridge L P holds 5,169 shares or 0.01% of its portfolio. Numeric Invsts Lc holds 0.01% of its portfolio in Cray Inc. (NASDAQ:CRAY) for 47,062 shares. Massmutual Trust Co Fsb Adv last reported 10,000 shares in the company. Barclays Plc accumulated 29 shares or 0% of the stock. Ahl Partners Limited Liability Partnership holds 35,151 shares or 0.06% of its portfolio. Acadian Asset Ltd holds 0% of its portfolio in Cray Inc. (NASDAQ:CRAY) for 5,568 shares.
Insider Transactions: Since August 16, 2016, the stock had 0 insider buys, and 2 selling transactions for $455,348 net activity. 6,455 shares with value of $125,873 were sold by MORREALE CHARLES A on Monday, November 7. On Tuesday, August 16 Piraino Michael Charles sold $329,475 worth of the stock or 15,000 shares.
More recent Cray Inc. (NASDAQ:CRAY) news were published by: Fool.com which released: “Why Cray Inc. Is Plunging Today” on May 04, 2016. Also Fool.com published the news titled: “Why Cray, Inc. Fell 27% in August” on September 08, 2016. Reuters.com‘s news article titled: “BRIEF-Cray Inc reports Q3 loss per share $0.58” with publication date: November 07, 2016 was also an interesting one.
CRAY Company Profile
Cray Inc., incorporated on December 7, 1987, designs, develops, makes, markets and services the high-end of the high performance computing (HPC) market, primarily categories of systems, known as supercomputers and provides storage and data analytics solutions. The Firm provides software, system maintenance, support services and engineering services related to supercomputer systems. The Company’s clients include foreign and domestic governments, government-funded entities, academic institutions and commercial entities. The Company’s divisions are Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other. The Company’s products include Cray Supercomputing Systems, including Cray XC40-LC Supercomputer, Cray XC40-AC Supercomputer, Cray CS400-AC Supercomputer, Cray CS400-LC Supercomputer and Cray CS-Storm Supercomputer; Cray Analytics Products, including Cray Urika-GD Graph Discovery Appliance and Cray Urika-XA Extreme Analytics Platform, and Cray Storage and Data Management Products, including Cray Sonexion Storage Systems, Cray DataWarp Applications I/O Accelerator and Cray Tiered Adaptive Storage (TAS).
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