Check Point Software Makes New All-Time High

Check Point Software Technologies Ltd. CHKP shares are trading higher by $6.89 at $96.50 in Thursday's session.

The catalyst for the rally to a new all-time high is a Q4 EPS beat of $0.21 along with a $9 million revenue beat; The company also raised Q1 and FY 2017 guidance.

After a higher open, it retreated only $0.50 to $94.50 before continuing its move higher. So far, the rally has reached $97.24, but now the issue falling back into the $96.00. That high far exceeds it former all-time high that was made on January 13 at $92.23.

In order to post a new all-time closing high, the issue would need to end the session above $90.71.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: TechnicalsIntraday UpdateMoversTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!