New Relic Trades 5.2% Above Its 50 Day Average

Shares of the company are trading at $51.33 a bit higher than $48.79, the 50 day moving average and which is impressively higher than the 200 day moving average of $44.37. The 50 day moving average moved up $2.54 and the 200 day average was up $6.96. Trading volume for New Relic, Inc. was 1,911 by the end of trading on Tuesday. Overall, volume was down 99.50% under the stocks normal daily volume.

Investors are feeling more bearish on New Relic, Inc. of late if you pay attention to the motion in short interest. The stock saw a rise in short interest of 27.09% between August 15, 2017 and August 31, 2017. Short interest grew 532,628 over that period. The days to cover increased to 6.0 and the percentage of shorted shares was 0.05% on August 31.

There has been some selling insider activity on New Relic, Inc. (NYSE:NEWR) recently. Robin Schulman, VP sold $65,575 worth of shares at a price of $48.61 on Mon the 18th. That brings Schulman’s holdings to $51,770 as reported to the SEC. Mark Sachleben, CFO let go of $238,450 worth of shares at an average price of $47.69 on Mon the 25th. That brings the CFO’s holdings to $4,983,605 per an SEC filing yesterday.

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