21Vianet Group (NASDAQ:VNET) : Wednesdays money flow data in 21Vianet Group (NASDAQ:VNET) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $11.03 million, whereas, $9.57 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.15, in favor of the bulls. The total money flow into the stock was $1.45 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $0.88 million. The total value of block trades done on upticks was $0.88 million. 21Vianet Group (NASDAQ:VNET) fell $0.81 and traded at $9.69, down -7.71% for the day, over previous days close. On a weekly basis, the shares are -12.55% over the previous weeks close.
Institutional Investors own 45.2% of 21Vianet Group shares.
The company shares have dropped -48.55% from its 1 Year high price. On Aug 17, 2015, the shares registered one year high at $21.47 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $13.08 and the 200 Day Moving Average price is recorded at $17.91. 21Vianet Group (NASDAQ:VNET): The stock opened at $10.54 on Wednesday but the bulls could not build on the opening and the stock topped out at $10.54 for the day. The stock traded down to $8.76 during the day, due to lack of any buying support eventually closed down at $9.69 with a loss of -7.71% for the day. The stock had closed at $10.50 on the previous day. The total traded volume was 5,871,559 shares.
21Vianet Group, Inc. is a carrier-neutral Internet data center services provider in China. The Company hosts its customers servers and networking equipment and provides interconnectivity to improve the performance, availability and security of their Internet infrastructure. The Company also provides managed network services to enable customers to deliver data across the Internet in a faster and reliable manner through its data transmission network and smart routing technology. The Company provides complementary Internet infrastructure services, such as content delivery network (CDN) services, virtual private network (VPN) services and last-mile wired broadband services to improve the security, speed and quality of data transmission in China. It offers public cloud services, private cloud and hybrid services. In addition, the Company also offers container-based data center service.