These are Rare Buy Opportunity? Edwards Lifesciences Corporation (EW) and Veeva Systems Inc. (VEEV)

On Nov 06, BOBO DONALD E JR, CVP,Strategy/Corp Development exercised an option 10,500 shares of Edwards Lifesciences Corporation (NYSE: EW), with the average selling price of the stock being $41.94 per share. The total amount realized from this exercised an option $440,370. A document was filed with the Securities and Exchange Commission to notify the public about the exercised an option of the shares.

In addition to that, CVP,Strategy/Corp Development – BOBO DONALD E JR sold an extra 10,500 shares of this stock in a transaction that took place a day before, on Nov 06, with a share sold at an average of $234.61 and a total of $2,463,381 was realized from this transaction. After the transaction, the CVP,Strategy/Corp Development – BOBO DONALD E JR was left with 20,713 shares of the company’s stock, which is currently worth around $4859476.93.

The recent price movement of EW means that it is now down by -2.73% from its 52-week high and 68.45% up against its 52-week low prices. Over the past one week, the price volatility of EW stands at 1.90% while the volatility over the past one month is 2.26%. The beta score for this stock is 0.82. A beta score below 1 means that the stock has a low volatility while above 1 signifies that a stock is highly volatile at that particular moment, a data that traders use to keep tabs on their investments.

The company on 10/23/2019 published its latest quarterly earnings, with the report showing that the company recorded 1.17 earnings per share (EPS) during that period. This report was met the expectations of analysts of 1.17 by 0. The revenue by the firm was 1.14B for the quarter.

The shares of Edwards Lifesciences Corporation (EW) gained by 1.21%, leading to a gain of $2.81 per share, and saw EW end the trading session at $235.22 on Wednesday 11/06/19. EW started the trading session at $233.72, before reaching a daily high of $236.09. It wasn’t able to sustain that growth though and soon jumped to hit a daily low of $233.01.

The trading volume on Wednesday stood at 1026843, which was below the stock’s 3-month average volume of 1.09 million shares, out of a total 206.63M shares. As the price of the stock climbed, the market valuation of the company gained to 49.40 billion.

The shares of Veeva Systems Inc. (NYSE: VEEV) went up by 0.12% by the end of the recent trading session. This movement saw its price surge to close at $140.85, which was higher than the previous closing price of $140.68. Over the past one week, the price of VEEV has slipped by -4.33%, while it has recorded a loss of -3.81% over the past one month. Its three-month performance saw VEEV lose -13.75% while its six-month performance saw it drop by -0.87%. The situation is different though over the past one year, as the stock price went up by 52.73%, while its year-to-date (YTD) price performance jumped by 57.69%. The stock price has gone up by +2.24% compared to its 90-day low, while it is down -17.32% compared to its 90-day high price.

Let’s take a look at its short, medium and long-term indicators. Composite Indicators shows that Trendspotter rated the stock as a Sell. In the short-term, the stock has a 20-day average volume of 1,225,560 shares, with the short-term indicators averagely rating the stock as a 50% Sell. A look at its medium-term indicators reveals that it has a 50-Day average volume of 1,670,560 shares and the indicators have an average rating of 50% Sell. The last indicators, the long-term see VEEV stock with a 100-Day average volume of 1,516,736 shares, giving it an average rating of 50% Sell. A look at the general picture of all short, medium and long-term indicators leaves VEEV with an average rating of 56% Sell.

Several brokerage firms sent out their reports VEEV stock not long ago. In its report sent out on September 26, 2019, Raymond James lowered its ratings on VEEV from a Mkt Perform to a Outperform. In an earlier report on August 28, 2019, Needham Reiterated the stock to a Buy. Goldman meanwhile in its report on June 07, 2019 Initiated its rating of the stock to “Neutral”.

In related news to the company’s stock, around 88.40% shares are being held by institutional investors. In a recent SEC filing, the company revealed that 678 institutions currently hold the VEEV stock. In the last quarter, a 115,887,153 VEEV shares were in the possession of institutions. On the other hand, the company recorded 123 new institutions who bought it their stock, while 54 institutions sold their entire VEEV reserve. Of the current institutions investing in the stock, 348 increased their investment while 258 decreased their investment in the stock.