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Benefitfocus Inc Shares Down 72.9% Since SmarTrend's Sell Call (BNFT)

By James Quinn

SmarTrend identified a Downtrend for Benefitfocus Inc (NASDAQ:BNFT) on September 30th, 2019 at $23.73. In approximately 6 months, Benefitfocus Inc has returned 72.90% as of today's recent price of $6.43.

Over the past year, Benefitfocus Inchas traded in a range of $6.38 to $50.78 and are now at $6.43. Over the last five market days, the 200-day moving average (MA) has gone down 1.4% while the 50-day MA has declined 4.7%.

Benefitfocus, Inc. is a provider of cloud-based benefits software solutions for consumers, employers, insurance carriers, and brokers. The Company's platform provides an integrated suite of solutions that enables customers to more efficiently shop, enroll, manage, and exchange benefits information.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Benefitfocus Inc.

Log in and add Benefitfocus Inc (BNFT) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights benefitfocus inc

Ticker(s): BNFT