Large Outflow of Money Witnessed in Shenandoah Telecommunications Co

Shenandoah Telecommunications Co (SHEN): The stock had negative money flow to the tune of ($0.73 million) on Friday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $0.12 million, whereas, the outflow of money on downticks was $0.85 million and the ratio between the two was 0.14. The block trade had a negative net money flow of ($0.7 million). On the other hand, downticks amounted to $0.7 million of the traded value, which shows distribution in the stock by traders. Shenandoah Telecommunications Co (SHEN) closed with marginal gains of 34 cents to end the day at $40.23, an increase of 0.85% over the previous days close. The stock recorded -3.22% for the week.


Shenandoah Telecommunications Co (SHEN) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $50 and the lowest price target forecast is $31. The average forecast of all the analysts is $39.67 and the expected standard deviation is $9.61.

Shenandoah Telecommunications Co (NASDAQ:SHEN): stock turned positive on Friday. Though the stock opened at $39.88, the bulls momentum made the stock top out at $41.7 level for the day. The stock recorded a low of $39.76 and closed the trading day at $41.6, in the green by 4.29%. The total traded volume for the day was 289,612. The stock had closed at $39.89 in the previous days trading.

In a related news, Zerkel James E Ii, Director of SHENANDOAH TELECOMMUNICATIONS CO/VA/, unloaded 1,500 shares at an average price of $36.46 on June 27, 2016. The total amount of the transaction was worth $54,690, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Shenandoah Telecommunications Company is a diversified telecommunications holding company. The Company provides both regulated and unregulated telecommunications services to end user customers and other telecommunications providers in Virginia, West Virginia, central Pennsylvania and western Maryland. The Company operates in four segments: Wireless, Cable, Wireline and Other. The Companys Wireless segment provides digital wireless service to a portion of a four-state area covering the region from Harrisburg, York and Altoona, Pennsylvania, to Harrisonburg, Virginia. The Cable segment provides video, Internet and voice services in franchise areas in portions of Virginia, West Virginia and western Maryland. The Wireline segment provides regulated and unregulated voice services, digital subscriber lines (DSL) Internet access and long distance access services. The Other segment includes operations of Shenandoah Telecommunications Company.

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