Cogent Communications Holdings (CCOI) : The money flow analysis of Cogent Communications Holdings (CCOI) indicates a $0 million of outflow was on downticks, whereas, the investors on Tuesday gobbled up stocks worth $0.1 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 23.14 and so was the total money flow at $0.09 million. The bulls lapped up $0.1 million worth of block trades on upticks. The money flow was $0.1 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Cogent Communications Holdings (CCOI), pushing it down by -0.09% for the day. The stock slid $0.04 and traded at $42.4 during the day. Nonetheless, the stock is 0.83% over the previous weeks close.
The company Insiders own 9.17% of Cogent Communications Holdings shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -1.58% . During last six month period, the net percent change held by insiders has seen a change of 2.1%. In an insider trading activity,The officer (VP of IP Engineering) of Cogent Communications Holdings, Inc., Kilmer Henry W sold 1,000 shares at $40.3 on July 5, 2016. The Insider selling transaction had a total value worth of $40,300. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Shares of Cogent Communications Holdings, Inc. rose by 8.1% in the last five trading days and 4.66% for the last 4 weeks. Cogent Communications Holdings, Inc. is up 11.88% in the last 3-month period. Year-to-Date the stock performance stands at 25.48%.
Cogent Communications Holdings (NASDAQ:CCOI): stock turned positive on Tuesday. Though the stock opened at $42.66, the bulls momentum made the stock top out at $43 level for the day. The stock recorded a low of $42.33 and closed the trading day at $42.69, in the green by 0.59%. The total traded volume for the day was 426,444. The stock had closed at $42.44 in the previous days trading.
Cogent Communications Holdings, Inc. is a facility-based provider of Internet access, Internet Protocol (IP) and communications services. The Companys network is designed and optimized to transmit data using IP. The Company delivers its services to small and medium-sized businesses, communications service providers and other bandwidth-intensive organizations in North America, Europe and Japan. The Company offers on-net Internet access services through its own facilities, which run from its network to its customers premises. The Company offers its on-net services to customers located in buildings that are physically connected to its network. Its on-net service consists of Internet access and IP connectivity ranging from 100 Megabits per second to 100 Gigabits per second of bandwidth. It provides its on-net Internet access services to its net-centric and corporate customers.