Shares of CenturyLink (NYSE:CTL) Sees Large Outflow of Money

CenturyLink (NYSE:CTL) : The total money flow in CenturyLink (NYSE:CTL) was negative ($2.82 million), which signals selling by the traders on Wednesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $10.66 million. In comparison, the inflow of money into the stock on upticks was $7.85 million. The uptick to downtick ratio was 0.74. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $3.63 million. The value of transactions on uptick was $1.23 million. The negative money flow of ($2.39 million) confirms the selling in CenturyLink (NYSE:CTL) on strength. The uptick to downtick ratio of block trades was 0.34. CenturyLink (NYSE:CTL) gained $0.4 at $28.24, a gain of 1.44% over the previous days close. However, the stock registered 1.11% in the week.


In an insider trading activity,The officer (EVP, Global Ops & Shared Svcs) of Centurylink, Inc, Moreau Maxine L sold 3,841 shares at $30.23 on February 18, 2016. The Insider selling transaction had a total value worth of $116,113. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 0.61% of CenturyLink shares according to the proxy statements. Institutional Investors own 75.12% of CenturyLink shares. During last six month period, the net percent change held by insiders has seen a change of -20.56%.

The company shares have dropped -5.85% from its 1 Year high price. On Apr 19, 2016, the shares registered one year high at $32.94 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $27.38 and the 200 Day Moving Average price is recorded at $28.29. CenturyLink (NYSE:CTL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.15 and $27.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.45, notching a gain of 2.19% for the day. The total traded volume was 7,539,651 . The stock had closed at $27.84 on the previous day.

CenturyLink, Inc. is an integrated communications company. The Company is engaged in providing an array of communications services to residential, business, governmental and wholesale customers. The Companys communications services include local and long-distance, broadband, private line, Multi-Protocol Label Switching (MPLS), data integration, managed hosting, colocation, Ethernet, network access, video, wireless and other ancillary services. The Company operates in two segments: Business and Consumer. The Business segment provides strategic, legacy and data integration products and services to enterprise, wholesale and governmental customers, including other communication providers. The Consumer segment provides strategic and legacy products and services to residential customers.

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