Tellabs Inc. (NASDAQ:TLAB) trading flat, Exelixis Inc. (NASDAQ:EXEL)

Posted by Chris Bell May 6, 2013 0 Comment 631 views


Northern, WI 05/06/2013 (GDPInsider) – Tellabs Inc. (NASDAQ:TLAB) the stock of Tellabs traded flat at $2.10. The share of the company ranged between a low of $2.08 and a high of $2.12 during the day. The volume traded was 0.210 million as compared to the 90 days average volume of 2.59 million. Tellabs is trading above the fifty days moving average. The share’s 52 week’s low is $1.90 while the 52-week’s high is $2.74. The share is trading 5.32% above its Short moving average for 20 days and 2.44% above the Short moving average for 50 days, both are short term indicators and both reflecting a bullish sentiments amongst the investors. The insiders enhanced their holdings in the company’s stock by 15.99% over the past six months. The institutional owners increased their ownership in the company’s stock by 0.68% over the past three months. The total value of the company at the current levels is $746.72 million.

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Exelixis Inc. (NASDAQ:EXEL) the stock of Exelixis edged down to $4.65 by 0.85%. The share of the company ranged between a low of $4.60 and a high of $4.70 during the day. The volume traded was 0.235 million as compared to the 90 days average volume of 1.33 million. Exelixis is trading below the fifty days moving average. The share’s 52 week’s low is $4.19 while the 52-week’s high is $6.95. The share is trading 5.61% below its Short moving average for 20 days and 1.65% below the Short moving average for 50 days, both are short term indicators and both reflecting a bullish sentiments among investors. The insiders enhanced their holdings in the company’s stock by 32.86% over the past six months. The institutional owners decreased their ownership in the company’s stock by 0.16% over the past three months. The total value of the company at the current levels is $853.10 million.

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About Chris Bell

Chris Bell is an investing reporter for GDP Insider. Chris covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Chris is also over consumer reporter and covers a wide variety of issues ranging from housing to immigration to urban poverty. Chris graduated from the University of Scranton with a degree in Communication and Philosophy. Chris's diligent investigations earned him the honor of being named "Best Reporter" once by the Headliners Foundation of Texas and once by the Houston Press Club.

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