The stock of Cray Inc. (NASDAQ:CRAY) is a huge mover today! About 926,696 shares traded hands or 93.89% up from the average. Cray Inc. (NASDAQ:CRAY) has declined 52.65% since April 14, 2016 and is downtrending. It has underperformed by 57.33% the S&P500.
The move comes after 7 months negative chart setup for the $774.47 million company. It was reported on Nov, 16 by Barchart.com. We have $17.60 PT which if reached, will make NASDAQ:CRAY worth $61.96M 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. On Wednesday, May 4 the stock rating was downgraded by Needham to “Hold”. Sidoti upgraded Cray Inc. (NASDAQ:CRAY) on Tuesday, April 19 to “Buy” rating. The rating was maintained by Needham with “Buy” on Friday, February 12. The rating was initiated by Sidoti with “Neutral” on Monday, March 7. As per Friday, February 12, the company rating was maintained by Stifel Nicolaus. The stock of Cray Inc. (NASDAQ:CRAY) has “Buy” rating given on Tuesday, November 8 by Needham. Stifel Nicolaus maintained the shares of CRAY in a report on Tuesday, November 8 with “Buy” rating. The firm earned “Hold” rating on Wednesday, May 4 by Craig Hallum. The firm has “Buy” rating by Needham given on Friday, July 31.
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 2016 Q2. 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.
Moreover, California State Teachers Retirement has 0.01% invested in Cray Inc. (NASDAQ:CRAY) for 84,427 shares. Moreover, Great West Life Assurance Can has 0% invested in Cray Inc. (NASDAQ:CRAY) for 5,321 shares. Us National Bank & Trust De last reported 11,596 shares in the company. Century last reported 61,863 shares in the company. Geode Capital Management Ltd Liability accumulated 0.01% or 325,194 shares. The Georgia-based Invesco Limited has invested 0.02% in Cray Inc. (NASDAQ:CRAY). First Quadrant L P Ca last reported 0.02% of its portfolio in the stock. State Of New Jersey Common Pension Fund D has 1.71M shares for 0.23% of their US portfolio. Deere And, a Illinois-based fund reported 11,421 shares. Tower Rech Ltd Liability Corporation (Trc) has 0.01% invested in the company for 4,666 shares. The Minnesota-based Thrivent Financial For Lutherans has invested 0% in Cray Inc. (NASDAQ:CRAY). Northern Corporation holds 0% or 484,023 shares in its portfolio. Tradewinds Capital Mngmt Limited Liability Corporation last reported 0.01% of its portfolio in the stock. Cornerstone Cap Management Hldg Limited Com last reported 140,200 shares in the company. Massmutual Tru Communications Fsb Adv holds 0% of its portfolio in Cray Inc. (NASDAQ:CRAY) for 10,000 shares.
Insider Transactions: Since August 16, 2016, the stock had 0 buys, and 2 insider sales for $455,348 net activity. Shares for $329,475 were sold by Piraino Michael Charles. MORREALE CHARLES A also sold $125,873 worth of Cray Inc. (NASDAQ:CRAY) shares.
More recent Cray Inc. (NASDAQ:CRAY) news were published by: Nasdaq.com which released: “CORRECTING and REPLACING — Cray Inc.” on November 14, 2016. Also Fool.com published the news titled: “Why Cray Inc. Is Plunging Today” on May 04, 2016. Nasdaq.com‘s news article titled: “Cray Wins Four HPCwire Awards” with publication date: November 16, 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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