Shares of Vodafone Group Plc (VOD) Sees Large Outflow of Money

Vodafone Group Plc (VOD) : The total money flow in Vodafone Group Plc (VOD) was negative ($1.59 million), showing the domination of sellers in the Wednesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $4.14 million. Transactions on upticks were comparatively lower at $2.55 million. The uptick to downtick ratio was 0.62. The total block trades on downticks were valued at $1.68 million. The money flow during block trades was negative ($1.68 million) when the stock traded with a gain of $15 cent. Vodafone Group Plc (VOD) was $30.11, an increase of 0.5% over the previous days close.


Also, In a research note released to the investors, Citigroup downgrades its rating on Vodafone Group Plc (NASDAQ:VOD).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on July 12, 2016.

Vodafone Group Plc (NASDAQ:VOD): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.08 and $29.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.17, notching a gain of 0.70% for the day. The total traded volume was 2,939,320 . The stock had closed at $29.96 on the previous day.

The stock has recorded a 20-day Moving Average of 1.03% and the 50-Day Moving Average is 4%.

Vodafone Group Plc (Vodafone) is a mobile communications company which provides services to mobile voice, messaging, data and fixed line. The Companys money transfer service, M-Pesa, enables people in emerging markets, to send and receive money through a mobile phone. The Company also has products such as international money transfer, savings and loans, salary disbursements and access to insurance products in different markets. Vodafone Red offers consumers and businesses a package with mobile data allowances, unlimited calls and texts, plus cloud and back-up services to secure personal data. Vodafone Cloud allows customers to store their personal digital content, such as contacts, photos and videos in the Vodafone network and to access it on the move from any connected device. Vodafone OneNet integrates landlines and mobiles providing a communication solution. Vodafone Secure Device Manager gives customer a way to manage many of their smart devices.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.