Breaking A New 52 Week High, Red Hat Inc (NYSE:RHT) Finishes At $185.28


Red Hat Inc (NYSE:RHT)

May 15th, 2019

With markets going up Red Hat Inc rose $0.33 Wednesday which equals a 0.18% jump, closing at $185.28. Furthermore it hit a new 52 week high of $185.50.

RHT was outperformed by the rest of the Information Technology sector which went up 0.98%.

Red Hat Inc is listed on the S&P 500 index, and was one of 319 stocks that increased today. Weighted by market cap, RHT represents about 0.13% of the S&P 500.

Analysis results from 14 analysts suggest that Red Hat Inc might grow somewhat (2.70%), while Finbox has calculated (with medium uncertainty) a fair value price of $180.34.

Market Sectors

The market sectors were mixed Wednesday with a majority of the sectors trending up. Communication Services saw the biggest increase of the day (2.11%), while Financials saw the biggest drop (-0.48%). Information Technology has seen the biggest year-to-date gain at 19.93%.

Communication Services saw the biggest turnaround from its 5-day performance of -2.60%, as it went up 2.11%. Utilities saw a turn around from its 5-day performance of 0.47% trading down -0.13%.

Sector Breakdown

  • Communication Services went up with a 2.11% change.
  • Information Technology went up with a 0.98% change.
  • Consumer Staples went up with a 0.80% change.
  • Consumer Discretionary went up with a 0.78% change.
  • Real Estate went up with a 0.64% change.
  • Energy went up with a 0.46% change.
  • Healthcare went up with a 0.27% change.
  • Industrials went up with a 0.12% change.
  • Utilities went down with a -0.13% change.
  • Materials went down with a -0.24% change.
  • Financials went down with a -0.48% change.

Red Hat Inc Info

Red Hat, Inc. provides open source software solutions to develop and offer operating system, virtualization, management, middleware, cloud, and storage technologies to various enterprises worldwide. It offers infrastructure-related solutions, including Red Hat Enterprise Linux, an operating system platform that runs on hardware for use in cloud environments; Red Hat Satellite, a system management offering that helps to deploy, scale, and manage in cloud environments; and Red Hat Virtualization, a software solution that allows customers to use and manage a common hardware infrastructure to run various operating systems and applications. The company also provides application development-related and other technology solutions, such as Red Hat Middleware, a solution for developing, deploying, and managing applications; integrating applications, data, and devices; and automating business processes in hybrid cloud environments. In addition, its solutions include Red Hat OpenShift, a container-based cloud application platform to develop, host, and scale applications in a cloud environment; Red Hat Cloud Infrastructure solution allows users to build and manage a private or hybrid infrastructure as a service cloud; Red Hat OpenStack Platform, an infrastructure as a service offering; Red Hat Ansible Automation to automate application and IT environment lifecycles; Red Hat CloudForms, a hybrid cloud management solution; and Red Hat Storage technologies that enable customers to build storage platforms at large-scale using commodity hardware. Further, the company offers real-time operating and distributed computing systems, and directory and user authentication services, as well as consulting, support, and training services. The company was formerly known as Red Hat Software, Inc. and changed its name to Red Hat, Inc. in June 1999. Red Hat, Inc. was founded in 1993 and is headquartered in Raleigh, North Carolina.

All amounts in USD unless otherwise indicated

RHT daily update
RHT daily update

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