Symantec Corporation (NASDAQ: SYMC) is having an incredibly strong start to the trading session this morning. The gains seem to be the result of an announcement the company made with regard to a conference call that will be hosted today as the market closes. Today, we’ll talk about:
- The conference call;
- what we’re seeing from the stock;
- and what we’ll be watching for ahead.
SYMC Gains On Coming Conference Call
As mentioned above Symantec is having an incredibly strong start to the trading session this morning after announcing a coming conference call. In a press release issued early this morning, the company announced that it will be hosting a conference call today at 4:30 ET. The purpose of the call will be to provide more information with regard to a previously announced internal investigation by the Audit Committee of the Company’s Board of Directors. The company will also provide further detail with regard to financial results and outlook on the call. During the call, SYMC CEO, Greg Clark, as well as CFO, Nick Noviello will be available to answer questions.
If you’re interested in taking part in the call, you can do so by dialing (877) 475-6198 from within the United States or (970) 297-2372 for international callers. The conference ID for the call is 8667308. Also, SYMC said that a live audio webcast of the call will be available at this link.
What We’re Seeing From The Stock
One of the first things we learn when we start to dig into the market is that the news causes moves. In the case of Symantec, the news proved to be positive. With a conference call coming later today, investors are looking for a positive financial data as well as a positive update. So, it’s no surprise that the stock is making its way upward in the market today. Of course, our partners at Trade Ideas were the first to alert us to the gains. Currently (9:09), SYMC is trading at 21.04 per share after a gain of $1.52 per share or 7.79% thus far today.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on SYMC. In particular, we’re interested in following the story surrounding the company’s investor conference call and we’ll be excited to learn what the company will be sharing today. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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