Home / Market Movers / FireEye Inc. (FEYE) Leads Tech Stocks with 4.92% at Midday on September 22

FireEye Inc. (FEYE) Leads Tech Stocks with 4.92% at Midday on September 22

FireEye Inc. (FEYE) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the technology sector during morning trading on September 22. At the lunch break, shares of FEYE have risen 4.92% to $14.49 after closing the day prior at $13.81. In the first two and a half hours of trading, the stock has gone as high as $14.54 and as low as $13.85. Today’s rise has come with about 4.05 million shares changing hands, compared to an average 30-day volume of 4.57 million for FireEye Inc.. The price is currently below the 30-day volume weighted average price of $14.25 for FEYE.

The share appreciation gives the company a market capitalization of $2.34 billion based upon 169.68 million shares outstanding. It also means that FEYE has a price-to-book ratio of 2.51:1.

In the past 52 weeks, shares of FEYE have traded as low as $11.35 and as high as $35.29. Technical traders will take note that at $14.49, shares of FEYE are trading below their 200-day MA at $16.46 and below their 50-day MA at $15.34. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is FEYE?

FireEye Inc provides cybersecurity solution for detecting, preventing and resolving cyber-attacks that evade legacy signature-based security products. Its solutions include traditional and next-generation firewalls, IPS, anti-virus, and gateways. The company’s 3400 employees are led by CEO Kevin R. Mandia from the corporate headquarters at 1440 McCarthy Boulevard in Milpitas, CA.

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