Company Shares of Towerstream Corporation Rally 24.78%

Stocks of Towerstream Corporation (NASDAQ:TWER) rallied by 24.78% during the past week but lost 24.65% on a 4-week basis. The company has outperformed the S&P 500 by 26.27% in the past week but underperformed the index by 25.34% in the last 4 weeks.

Towerstream Corporation (NASDAQ:TWER): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.20 and $0.19 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.20, notching a gain of 5.32% for the day. The total traded volume was 4,438,979 . The stock had closed at $0.19 on the previous day.

The company shares have dropped -90.20% from its 1 Year high price. On Aug 11, 2015, the shares registered one year high at $2.15 and the one year low was seen on Mar 30, 2016. The 50-Day Moving Average price is $0.21 and the 200 Day Moving Average price is recorded at $0.24.

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 Towerstream Corp, Koehler Paul, had purchased 10,000 shares in a transaction dated on December 22, 2015. The transaction was executed at $0.4 per share with total amount equaling $4,000.

Currently the company Insiders own 6.7% of Towerstream Corporation shares according to the proxy statements. Institutional Investors own 20.3% of Towerstream Corporation shares.

Towerstream Corporation (Towerstream) is a fourth generation (4G) and small cell rooftop tower company. The Company provides a range of Wireless communication services through its two business segments: Fixed Wireless Services Segment and Shared Wireless Infrastructure Segment. The Companys fixed Wireless service supports bandwidth on demand, Wireless redundancy, virtual private networks, disaster recovery, bundled data and video services. The Companys Shared Wireless Infrastructure segment offers a range of rental options on street level rooftops. The Company provides services to business customers in New York City, Boston, Chicago, Los Angeles, San Francisco, Seattle, Miami, Dallas-Fort Worth, Houston, Philadelphia, Las Vegas-Reno and Providence-Newport.

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