Level 3 Communications (LVLT) : Traders are bullish on Level 3 Communications (LVLT) as it has outperformed the S&P 500 by a wide margin of 5.99% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.87%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 7.45% in the last 1 week, and is up 10.62% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 9.46% and the 50-Day Moving Average is 8.64%.
Level 3 Communications (NYSE:LVLT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $56.88 and $56.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $57.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $56.66, notching a gain of 0.19% for the day. The total traded volume was 1,671,948 . The stock had closed at $56.55 on the previous day.
The company Insiders own 0.49% of Level 3 Communications shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.28% . During last six month period, the net percent change held by insiders has seen a change of -1.31%. In a related news,The officer (President and CEO) of Level 3 Communications Inc, Storey Jeffrey K sold 60,557 shares at $50.41 on July 5, 2016. The Insider selling transaction had a total value worth of $3,052,678. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Level 3 Communications, Inc. is a provider of a range of integrated communications services. The Companys 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.