Large Outflow of Money Witnessed in Level 3 Communications

Level 3 Communications (LVLT) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($5.9 million) and the uptick to downtick ratio was 0.82. The transaction value on upticks was $27.49 million and on downticks, the transaction value was $33.4 million. In block trades, the transaction value of inflow done during uptick was $2.49 million. The transaction value of block trades during downticks was $0.58 million. The uptick to downtick block trade ratio was 4.26. The money flow was negative ($1.9 million), indicating the traders were booking profit on the price strength. Level 3 Communications (LVLT) rose $0.53 at $56.9, during intraday Friday , a rise of 0.94% over the previous days close.


Level 3 Communications (LVLT) : 8 Wall Street analysts covering Level 3 Communications (LVLT) believe that the average level the stock could reach for the short term is $59.75. The maximum price target given is $67 and the minimum target for short term is around $53, hence the standard deviation is calculated at $4.56.

Level 3 Communications (NYSE:LVLT): stock turned positive on Friday. Though the stock opened at $56.49, the bulls momentum made the stock top out at $56.94 level for the day. The stock recorded a low of $56.34 and closed the trading day at $56.9, in the green by 0.94%. The total traded volume for the day was 3,209,758. The stock had closed at $56.37 in the previous days trading.

In a related news, The Securities and Exchange Commission has divulged that Storey Jeffrey K, officer (President and CEO) of Level 3 Communications Inc, had unloaded 60,557 shares at an average price of $50.41 in a transaction dated on July 5, 2016. The total value of the transaction was worth $3,052,678.

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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