Shares of Level 3 Communications (NYSE:LVLT) Sees Large Outflow of Money

Level 3 Communications (NYSE:LVLT) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (9.09 million) in Level 3 Communications (NYSE:LVLT). On Wednesday, The value of composite uptick trades was $14.81 million, whereas, the value of composite downtick trades was $23.89 million and the ratio between the two was 0.62, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $10.34 million. $0.89 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.09. The negative money flow of ($9.45 million) shows selling on strength. Level 3 Communications (NYSE:LVLT) gained $1.4 intraday at $50.5 and registrered 2.85% for the week.


In an insider trading activity, The Securities and Exchange Commission has divulged that Storey Jeffrey K, officer (President and CEO) of Level 3 Communications Inc, had unloaded 20,000 shares at an average price of $53.38 in a transaction dated on June 1, 2016. The total value of the transaction was worth $1,067,600. Currently the company Insiders own 0.49% of Level 3 Communications shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.55% . During last six month period, the net percent change held by insiders has seen a change of -1.31%.

The company shares have dropped -7.59% from its 1 Year high price. On Apr 28, 2016, the shares registered one year high at $56.11 and the one year low was seen on Sep 29, 2015. The 50-Day Moving Average price is $52.08 and the 200 Day Moving Average price is recorded at $51.05. Level 3 Communications (NYSE:LVLT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $49.65 and $49.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $50.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $50.51, notching a gain of 2.87% for the day. The total traded volume was 2,263,354 . The stock had closed at $49.10 on the previous day.

Level 3 Communications, Inc. is a provider of a range of integrated communications services. The Companys operating segments include North America includes operations in Georgia, Colorado, Florida, Canada, New York, Arizona, Pennsylvania, Michigan and Oklahoma; Europe includes operations in England, Ireland, The Netherlands and France; The Latin America includes operations in Colombia, Argentina, Venezuela, Peru, Ecuador, Chile and Brazil. The Asia or Pacific includes operations in China, Singapore and Japan. The tw telecom inc. (tw telecom) is an indirect, wholly owned subsidiary of the Company. The Company offers services, which includes core network services and wholesale voice services. It offers products, which include core network services, including transport and fiber services, colocation and data center services, IP and data services, managed services, cloud and IT services, voice services and wholesale voice services, including voice termination and toll free.

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