CIEN definitely trades different than even 6 months ago...in the past CIEN would be the first to slide hard on any nasdaq weakness, now it holds its own and shows great strength on good nasdaq days...becoming a first tier company now...imo it is because the institutions can no longer stay out of this stock...institution ownership up from 50% to 65% in last 3 quarters alone.
Institutional Holdings Summary For CIENA CORPORATION: CIEN (Nasdaq)
Latest Quarter Previous Quarter 2 Quarters Ago 3 Quarters Ago
% Inst Owned: 65.5% 60.6% 56.5% 49.4%
Shrs Bought: 43,571,297 41,113,836 47,473,784
Shrs Sold: 29,759,347 29,547,128 27,322,044
Net Bought(Sold) 13,811,950 11,566,708 20,151,740
# Inst Owning: 339 291 211 167
# Buyers: 187 171 129
# Seller: 146 108 76
Net Buyers(Sellers): 41 63 53 |
