Cincinnati Bell Inc (NYSE:CBB) has climbed 9.9% in the past week and advanced 18.31% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 11.22% and the outperformance has advanced to 17.23% for the last 4 weeks period.
Cincinnati Bell Inc (NYSE:CBB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.03 and $4.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.33, notching a gain of 7.18% for the day. The total traded volume was 3,070,416 . The stock had closed at $4.04 on the previous day.
The company shares have rallied 9.07% from its 1 Year high price. On Jun 17, 2016, the shares registered one year high at $4.33 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $3.84 and the 200 Day Moving Average price is recorded at $3.60.
On the companys insider trading activities, Fox Leigh R., CFO of Cincinnati Bell Inc, executed a transaction worth $9,861 on February 22, 2016. A total of 3,212 shares were purchased at an average price of $3.07. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Currently the company Insiders own 1.1% of Cincinnati Bell Inc shares according to the proxy statements. Institutional Investors own 79.73% of Cincinnati Bell Inc shares. During last six month period, the net percent change held by insiders has seen a change of 3.29%.
Cincinnati Bell Inc., along with its consolidated subsidiaries, is a provider of integrated communications solutions in the Greater Cincinnati area. The Company has operations within three segments: Wireline, IT Services and Hardware, and Wireless. The Wireline segment provides products and services, such as data transport, high-speed internet, entertainment, local voice, long distance, VoIP, and other services. The IT Services and Hardware segment provides managed IT solutions, including managed infrastructure services, IT and telephony equipment sales, and professional IT staffing services. Cincinnati Bell Wireless LLC provides digital wireless voice and data communications services through the operation of a Global System for Mobile Communications/General Packet Radio Service network with a 3G Universal Mobile Telecommunications System and 4G High Speed Packet Access+ network overlay, which is able to provide high-speed data services, such as streaming video.