Shares of Communications Sales & Leasing (NASDAQ:CSAL) Sees Large Outflow of Money

Communications Sales & Leasing (NASDAQ:CSAL) traded on a positive note gaining 0.13 points or 0.46% to be valued at $28.29 per share. Intraday, the shares aggregated $49.03 million in upticks but saw an exodus of $56.01 million in downticks. The net money flow was calculated to be $(-6.99) million with the final up/down ratio coming in at 0.88. The share price has seen a change of 3.02% in value during the week. Block trade of up/down ratio of 0.13 was also registered with $1.27 million in upticks and $9.76 million in downticks. The net money flow for the block exchange was disappointing at $(-8.48) Million.


The stock has recorded a 20-day Moving Average of 9.14% and the 50-Day Moving Average is 15.46%. The company shares have rallied 2.36% in the past 52 Weeks. On June 20, 2016 The shares registered one year high of $28.74 and one year low was seen on February 12, 2016 at $15.13. The 50-day moving average is $24.98 and the 200 day moving average is recorded at $21.3. S&P 500 has rallied 1.93% during the last 52-weeks.

Communications Sales & Leasing (NASDAQ:CSAL): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.79 and $26.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.35. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.29, notching a gain of 0.46% for the day. The total traded volume was 17,427,301 . The stock had closed at $28.16 on the previous day.

Currently the company Insiders own 0.32% of Communications Sales & Leasing shares according to the proxy statements. Institutional Investors own 43.53% of Communications Sales & Leasing shares.

Communications Sales & Leasing, Inc. (CS&L) is engaged in the ownership, acquisition and leasing of communication distribution systems. The Company holds the fiber and copper networks and other real estate (the Distribution Systems) and a small consumer competitive local exchange carrier (CLEC) business (the Consumer CLEC Business). The Companys leasing activities consists of leasing back to Windstream Holdings, Inc., the Distribution Systems through a triple-net master lease agreement (the Master Lease). The Company also expands its portfolio by acquiring other real property assets within or outside of the communications infrastructure industry for lease to third-parties.

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