Large Outflow of Money Witnessed in CenturyLink

Shares of CenturyLink (NYSE:CTL) advanced to $27. The price had gained 0.13% or 0.04 points intraday. The latest trading session witnessed $18.43 million in upticks and $22.49 million in downticks, resulting in net money flow of (-4.06) million. The up/down ratio for the day stood at 0.82. On a weekly scale, the price has seen a change of -1.3%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-4.85) million occurred during the day. $7.58 million in uptick and $12.43 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.61.


Currently the company Insiders own 0.61% of CenturyLink shares according to the proxy statements. Institutional Investors own 75.67% of CenturyLink shares. During last six month period, the net percent change held by insiders has seen a change of -20.56%. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Moreau Maxine L, officer (EVP, Global Ops & Shared Svcs) of Centurylink, Inc, had unloaded 3,841 shares at an average price of $30.23 in a transaction dated on February 18, 2016. The total value of the transaction was worth $116,113.

CenturyLink (NYSE:CTL) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.07 points or 0.26% at $26.89 with 5,699,862 shares getting traded. Post opening the session at $26.68, the shares hit an intraday low of $26.68 and an intraday high of $27.18 and the price was in this range throughout the day. The company has a market cap of $14,683 million and the number of outstanding shares have been calculated to be 546,051,960 shares. The 52-week high of CenturyLink (NYSE:CTL) is $33.01 and the 52-week low is $21.94.

Many analysts have stated their opinion on the company shares. Wells Fargo downgrades its view on CenturyLink (NYSE:CTL) according to the research report released by the firm to its investors. The shares have now been rated Market Perform by the stock experts at the ratings house. Earlier, the shares had a rating of Market Outperform. The rating by the firm was issued on May 3, 2016.

CenturyLink, Inc. is an integrated communications company. The Company is engaged in providing an array of communications services to residential, business, governmental and wholesale customers. The Companys communications services include local and long-distance, broadband, private line, Multi-Protocol Label Switching (MPLS), data integration, managed hosting, colocation, Ethernet, network access, video, wireless and other ancillary services. The Company operates in two segments: Business and Consumer. The Business segment provides strategic, legacy and data integration products and services to enterprise, wholesale and governmental customers, including other communication providers. The Consumer segment provides strategic and legacy products and services to residential customers.

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