Shares of Sprint Corporation (S) Sees Large Inflow of Net Money Flow

Sprint Corporation (S) : On Friday, The money flowed into the Sprint Corporation (S) stock with an uptick to downtick ratio was recorded at 1.12. Transactions worth $15.62 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $13.99 million. The total money flow into the stock was $1.62 million. The block trades reveal a bullish bias with an up-down ratio of 1.43. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $5.45 million of block transactions on upticks. The value of block trades on downticks was $3.82 million, indicating lower selling interest. The total money flow in block trades was $1.63 million. In terms of price action, Sprint Corporation (S) traded down $0.01 during the session at $4.59. Compared to the previous days closing, the stock was down only by -0.22%. For the week, the stock is -8.2%, over previous weeks closing.


Sprint Corporation (S) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $6 and the lowest price target forecast is $2. The average forecast of all the analysts is $3.74 and the expected standard deviation is $1.13.

Sprint Corporation (NYSE:S): stock turned positive on Friday. Though the stock opened at $4.64, the bulls momentum made the stock top out at $4.77 level for the day. The stock recorded a low of $4.59 and closed the trading day at $4.62, in the green by 0.43%. The total traded volume for the day was 22,999,376. The stock had closed at $4.6 in the previous days trading.

In a related news, Schieber Paul W Jr, officer (Vice President & Controller) of Sprint Corp, unloaded 19,229 shares at an average price of $3.72 on March 2, 2016. The total amount of the transaction was worth $71,532, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Sprint Corporation is a holding company. The Company, along with its subsidiaries is a wireless communications company offering a range of wireless and wireline communications products and services. The Company operates in two segments: Wireless and Wireline. Its services are provided through its ownership of wireless networks, an all-digital global wireline network and a Tier 1 Internet backbone. It offers wireless and wireline services to subscribers in all 50 states, Puerto Rico, and the United States Virgin Islands under the Sprint corporate brand, which includes its retail brands of Sprint, Boost Mobile, Virgin Mobile and Assurance Wireless. It markets its postpaid services under the Sprint brand. It markets its prepaid services under the Sprint, Boost Mobile, Virgin Mobile and Assurance Wireless brands. In addition, it sells accessories, such as carrying cases, hands-free devices and and it sells devices and accessories to agents and other third-party distributors for resale.

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