Zayo Group Holdings (ZAYO) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (4.3 million) in Zayo Group Holdings (ZAYO). On Friday, The value of composite uptick trades was $25.34 million, whereas, the value of composite downtick trades was $29.63 million and the ratio between the two was 0.85, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $20.64 million. $15.11 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.73. The negative money flow of ($5.53 million) shows selling on strength. Zayo Group Holdings (ZAYO) gained $0.48 intraday at $29.7 and registrered 1.64% for the week.
Zayo Group Holdings (ZAYO) stock is expected to deviate a maximum of $5.9 from the average target price of $30.89 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $42 and the most muted being $20.
Zayo Group Holdings (NYSE:ZAYO): stock turned positive on Friday. Though the stock opened at $29.25, the bulls momentum made the stock top out at $29.76 level for the day. The stock recorded a low of $29.13 and closed the trading day at $29.72, in the green by 1.71%. The total traded volume for the day was 5,469,555. The stock had closed at $29.22 in the previous days trading.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Zayo Group Holdings, Inc., Rottenberg Linda had sold 538 shares worth of $15,064 in a transaction dated July 8, 2016. In this transaction, 538 shares were sold at $28 per share.
Zayo Group Holdings, Inc. is a provider of bandwidth infrastructure in the United States and Europe. The Companys products include leased dark fiber, fiber to cellular towers and small cell sites, dedicated wavelength connections, Ethernet and Internet protocol (IP) connectivity and other high-bandwidth offerings. Its products and services include physical infrastructure, and cloud and connectivity. It operates through three segments: Physical Infrastructure, Cloud and Connectivity, and Other. Its bandwidth infrastructure assets consist of fiber networks, the optronic equipment used to provide its lit services over its fiber networks, and its datacenters where it provides colocation and interconnection services. The Company, through metro fiber networks, provides bandwidth infrastructure services within the metro markets that it serves. The Company, through regional fiber networks, provides bandwidth infrastructure services between the metro markets that it serves.