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New York, NY -- (SBWIRE) -- 02/25/2013 -- Symantec Corporation (NASDAQ:SYMC) is a global provider of security, storage, and systems management solutions that help businesses and consumers secure and manage their information. The Company has five operating segments: Consumer, Security and Compliance, Storage and Server Management, Services, and Other. The Company conducts the business in three geographic regions: Americas, which consist of the United States, Canada, and Latin America; Europe, the Middle East and Africa (EMEA), and Asia Pacific Japan (APJ). It also maintains important relationships with a number of original equipment manufacturers (OEMs), Internet service providers, and retail and online stores.
Shares of Symantec Corporat (NasdaqNM: SYMC) are very active today and traded between $22.69 - 23.06 with total traded volume of 4571771 shares. At a current price of 22.745, SYMC is -0.185 - -0.81% from the previous close of $22.93. Moreover, At Current Market Price, SYMC is in the distance of +5.73% from its 50-day Moving Average price of $21.5118 and +19.45% from its 200-day Moving Average price of $19.0414.
Can SYMC Continue To Move Higher? Find Out Here
TXN scored a price target hike to $39 from $37 at Wedbush Securities today, following Friday's news that the company will lift its quarterly dividend by 33%, and ramp up its share-buyback program by $5 billion. The stock sports a year-to-date gain of close to 11%, yet puts have an edge over calls in the short-term options pits, as evidenced by TXN's Schaeffer's put/call open interest ratio (SOIR) of 1.21. This ratio ranks higher than 86% of similar annual readings, meaning near-term traders have been more put-heavy toward the equity just 14% of the time during the past year.
Can TXN Extend Gain? If Yes, How Far It Can Go? Find Out Here
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