Shares of Sprint Corporation (NYSE:S) Sees Large Outflow of Money

Sprint Corporation (NYSE:S) jumped 0.3 points or 7.64% on strong buying and was last priced at $4.16 per share. The shares saw huge fund flow intraday; a massive $10.71 million made their way in through the upticks but an even bigger $12.55 million made their way out through downticks. As per the last observation, the net money flow stood at $(-1.83) million and the up/down ratio was found to be 0.85. The shares have seen a weekly value change of 11.99% .A block trade was recorded in the company shares with a net money flow of $(-1.06) million. The composite value of the funds in upticks was $3.09 million and the total value of funds in downticks was $4.15. As can be seen from the data, the block transaction had the up/down ratio of 0.74.


The stock has recorded a 20-day Moving Average of 11.74% and the 50-Day Moving Average is 14.77%. The company shares have dropped 15.72% in the past 52 Weeks. On August 31, 2015 The shares registered one year high of $5.29 and one year low was seen on January 20, 2016 at $2.18. The 50-day moving average is $3.63 and the 200 day moving average is recorded at $3.44. S&P 500 has rallied 1.93% during the last 52-weeks.

Sprint Corporation (NYSE:S): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.87 and $3.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.16, notching a gain of 7.77% for the day. The total traded volume was 46,706,523 . The stock had closed at $3.86 on the previous day.

Currently the company Insiders own 0.23% of Sprint Corporation shares according to the proxy statements. Institutional Investors own 14.53% of Sprint Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -21.61%. On the companys insider trading activities,The officer (Vice President & Controller) of Sprint Corp, Schieber Paul W Jr sold 19,229 shares at $3.72 on March 2, 2016. The Insider selling transaction had a total value worth of $71,532. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Sprint Corporation is a holding company. The Company, along with its subsidiaries is a wireless communications company offering a range of wireless and wireline communications products and services. The Company operates in two segments: Wireless and Wireline. Its services are provided through its ownership of wireless networks, an all-digital global wireline network and a Tier 1 Internet backbone. It offers wireless and wireline services to subscribers in all 50 states, Puerto Rico, and the United States Virgin Islands under the Sprint corporate brand, which includes its retail brands of Sprint, Boost Mobile, Virgin Mobile and Assurance Wireless. It markets its postpaid services under the Sprint brand. It markets its prepaid services under the Sprint, Boost Mobile, Virgin Mobile and Assurance Wireless brands. In addition, it sells accessories, such as carrying cases, hands-free devices and and it sells devices and accessories to agents and other third-party distributors for resale.

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