Shares of Philippine Long Distance Telephone Company (NYSE:PHI) Sees Large Outflow of Money

Philippine Long Distance Telephone Company (NYSE:PHI): The stock had negative money flow to the tune of ($3.23 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $0.41 million, whereas, the outflow of money on downticks was $3.64 million and the ratio between the two was 0.11. The block trade had a negative net money flow of ($3.39 million). On the other hand, downticks amounted to $3.39 million of the traded value, which shows distribution in the stock by traders. Philippine Long Distance Telephone Company (NYSE:PHI) closed with marginal gains of 108 cents to end the day at $45.54, an increase of 2.42% over the previous days close. The stock recorded 6.09% for the week.


Institutional Investors own 9.69% of Philippine Long Distance Telephone Company shares.

The company shares have dropped -28.66% from its 1 Year high price. On Jul 29, 2015, the shares registered one year high at $68.00 and the one year low was seen on May 9, 2016. The 50-Day Moving Average price is $40.38 and the 200 Day Moving Average price is recorded at $41.30. Philippine Long Distance Telephone Company (NYSE:PHI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.96 and $44.96 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.33, notching a gain of 1.96% for the day. The total traded volume was 267,555 . The stock had closed at $44.46 on the previous day.

Philippine Long Distance Telephone Company (PLDT) is a telecommunications service provider in the Philippines. The Company operates in three business segments, including wireless, fixed line and others. The Company through its three business segments offers a range of telecommunications services across the Philippines fiber optic backbone and wireless, fixed line and satellite networks. The Company provides cellular and wireless broadband, satellite and other services through its wireless business. The Companys fixed line business group offers local exchange, international long distance, national long distance, data and other network, and miscellaneous services. Other business consists of PCEV, an investment holding company.

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