Company Shares of NII Holdings Rally 9.66%

NII Holdings (NASDAQ:NIHD) has climbed 9.66% in the past week and advanced 29.53% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 10.98% and the outperformance has advanced to 28.35% for the last 4 weeks period.

NII Holdings (NASDAQ:NIHD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.79 and $3.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.86, notching a gain of 2.93% for the day. The total traded volume was 5,234,945 . The stock had closed at $3.75 on the previous day.

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Nii Holdings Inc, Risner John W had sold 32,250 shares worth of $1,613 in a transaction dated December 4, 2014. In this transaction, 32,250 shares were sold at $0.05 per share.

Currently the company Insiders own 2.19% of NII Holdings shares according to the proxy statements. Institutional Investors own 93.55% of NII Holdings shares.

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