Large Inflow of Money Witnessed in Mobile TeleSystems OJSC

Mobile TeleSystems OJSC (NYSE:MBT) : Wednesdays money flow data in Mobile TeleSystems OJSC (NYSE:MBT) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $0.63 million, whereas, $0.26 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 2.41, in favor of the bulls. The total money flow into the stock was $0.37 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $0.4 million. The total value of block trades done on upticks was $0.4 million. Mobile TeleSystems OJSC (NYSE:MBT) fell $0.01 and traded at $8.28, down -0.12% for the day, over previous days close. On a weekly basis, the shares are 4.28% over the previous weeks close.


Currently the company Insiders own 1% of Mobile TeleSystems OJSC shares according to the proxy statements. Institutional Investors own 34.73% of Mobile TeleSystems OJSC shares.

The company shares have dropped -15.67% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $10.15 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $8.83 and the 200 Day Moving Average price is recorded at $7.76. Mobile TeleSystems OJSC (NYSE:MBT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.29 and $8.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.57, notching a gain of 3.38% for the day. The total traded volume was 5,662,410 . The stock had closed at $8.29 on the previous day.

Mobilnye Telesystemy PAO (MTS PAO or Mobile TeleSystems PJSC), formerly Mobilnye Telesystemy OAO, is a Russia-based company engaged in the telecommunication industry. The Company provides a range of mobile and fixed line voice and data telecommunications services, including transmission, broadband, pay-television (TV) and various value-added services, as well as selling equipment and accessories. The Company provides its services domestically, as well as abroad, including Ukraine, Uzbekistan, Armenia, Turkmenistan and Belarus. MTS PAO operates through numerous branches located domestically and in Belarus, as well as several subsidiaries.

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