CenturyLink (CTL) : CenturyLink (CTL) had a healthy money flow of $2.08 million into the stock during the Wednesdays trading session. The value of bullish trades on upticks was $7.07 million, whereas, investors only sold shares worth $4.99 million on downticks. The stock closed the day with an up-down ratio of 1.42.The money flow in the block trades to the tune of $2.34 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $2.34 million worth of transactions were on upticks. CenturyLink (CTL) stock slid $0.04 intraday and traded at 30.46, a change of -0.11% over previous days close. However, for the week, the company shares are -2.76% compared to previous weeks close.
Also, Macquarie initiates coverage on CenturyLink (NYSE:CTL). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on July 11, 2016.
CenturyLink (NYSE:CTL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.60 and $30.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.55, notching a gain of 0.20% for the day. The total traded volume was 4,001,603 . The stock had closed at $30.49 on the previous day.
The stock has recorded a 20-day Moving Average of 3.92% and the 50-Day Moving Average is 9.09%. In a related news, The director, of Centurylink, Inc, Perry Harvey P had unloaded 20,000 shares at $31 per share in a transaction on July 13, 2016. The total value of transaction was $620,000. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.