Level 3 Communications Inc (LVLT) Files Form 4 Insider Selling : Jeffrey K Storey Sells 60,557 Shares

Level 3 Communications Inc (LVLT): Jeffrey K Storey , President and CEO of Level 3 Communications Inc sold 60,557 shares on Jul 5, 2016. The Insider selling transaction was reported by the company on Jul 5, 2016 to the Securities and Exchange Commission. The shares were sold at $50.41 per share for a total value of $3,052,557.25 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 5, 2016, Sunit S Patel (Executive VP and CFO) sold 31,135 shares at $50.83 per share price.On Jul 5, 2016, Laurinda Y Pang (Regional President NA and Asia) sold 11,570 shares at $50.50 per share price.Also, On Jul 5, 2016, John Michael Ryan (EVP, CLO) sold 10,960 shares at $51.10 per share price.On Jul 5, 2016, Andrew Crouch (Regional President, EMEA) sold 24,200 shares at $51.39 per share price.

Level 3 Communications: On Friday, Jul 1, 2016 heightened volatility was witnessed in Level 3 Communications which led to swings in the share price. The shares opened for trading at $51.53 and hit $52.42 on the upside , eventually ending the session at $51.94, with a gain of 0.87% or 0.45 points. The heightened volatility saw the trading volume jump to 22,92,197 shares. The 52-week high of the share price is $56.11 and the company has a market cap of $18,591 M . The 52-week low of the share price is at $40.86.

Level 3 Communications Money Flow Index Chart

Company has been under the radar of several Street Analysts.Level 3 Communications is Downgraded by BofA/Merrill to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 29, 2016.

Level 3 Communications Inc. is a provider of a range of integrated communications services. The Company’s operating segments include North America includes operations in Georgia Colorado Florida Canada New York Arizona Pennsylvania Michigan and Oklahoma; Europe includes operations in England Ireland The Netherlands and France; The Latin America includes operations in Colombia Argentina Venezuela Peru Ecuador Chile and Brazil. The Asia or Pacific includes operations in China Singapore and Japan. The tw telecom inc. (tw telecom) is an indirect wholly owned subsidiary of the Company. The Company offers services which includes core network services and wholesale voice services. It offers products which include core network services including transport and fiber services colocation and data center services IP and data services managed services cloud and IT services voice services and wholesale voice services including voice termination and toll free.

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