Shares of Ericsson (ERIC) Sees Large Inflow of Net Money Flow

Ericsson (ERIC) stock had a bullish inflow of $2.92 million worth of trades on uptick and an outflow of $1.32 million in downticks on Friday. The total uptick to downtick ratio stood at 2.21. The net money flow into the stock was $1.6 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $1.98 million. $1.98 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Ericsson (ERIC) stock traded down $0.01 , and reached $7.32, a drop of -0.08% over the previous day. On a weekly basis, the stock is -5.74%, over the previous weeks close.


Ericsson (ERIC) : Currently there are 3 street experts covering Ericsson (ERIC) stock. The most bullish and bearish price target for the stock is $8 and $6 respectively for the short term. The average price target of all the analysts comes to $7.03. The estimated standard deviation from the target is $1.05.

Ericsson (NASDAQ:ERIC): stock turned positive on Friday. Though the stock opened at $7.34, the bulls momentum made the stock top out at $7.37 level for the day. The stock recorded a low of $7.3 and closed the trading day at $7.36, in the green by 0.41%. The total traded volume for the day was 6,195,308. The stock had closed at $7.33 in the previous days trading.

Telefonaktiebolaget LM Ericsson (Ericsson) is a provider of communications technology and services. Ericsson offers services, software and infrastructure for mobility, broadband and the cloud in telecom industry and other sectors. Its two core businesses are Radio, Core and Transmission and Telecom Services. Ericsson operates in four business segments: Networks, Global Services, Support Solutions and Modems. It invests in five targeted areas: Internet protocol (IP) Networks; Cloud; operations and business support systems (OSS) and business support systems (BSS); TV and Media, and Industry and Society. Radio, Core and Transmission, as well as IP Networks and Cloud report into Networks segment and Telecom Services report into Global Services segment. The product and software deliveries of OSS and BSS, TV & Media, report into Support Solutions segment, while services related to these areas report into Global Services segment. Industry and Society reports into Global Services segment.

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