Large Inflow of Money Detected in Level 3 Communications

Level 3 Communications (LVLT) : Wednesdays money flow data in Level 3 Communications (LVLT) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $15.05 million, whereas, $12.4 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.21, in favor of the bulls. The total money flow into the stock was $2.65 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $2.81 million. The total value of block trades done on upticks was $6.86 million. The value of bearish trades on downticks was only $4.05 million.The up/down ratio in the block trades was a healthy 1.69 in favor of the bulls, suggesting strong buying in the stock by large traders. Level 3 Communications (LVLT) fell $0.01 and traded at $56.5, down -0.02% for the day, over previous days close. On a weekly basis, the shares are -0.28% over the previous weeks close.


Also, Bank of America downgrades its view on Level 3 Communications (NYSE:LVLT) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on April 29, 2016.

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 $56.69 and $56.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $57.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $57.18, notching a gain of 1.19% for the day. The total traded volume was 2,344,062 . The stock had closed at $56.51 on the previous day.

The stock has recorded a 20-day Moving Average of 8.8% and the 50-Day Moving Average is 8.97%. In a related news,The officer (President and CEO) of Level 3 Communications Inc, Storey Jeffrey K sold 60,557 shares at $50.41 on July 5, 2016. The Insider selling transaction had a total value worth of $3,052,678. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.