Shenandoah Telecommunications Co (SHEN) : Tuesdays money flow data in Shenandoah Telecommunications Co (SHEN) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $3.91 million, whereas, $1.01 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 3.87, in favor of the bulls. The total money flow into the stock was $2.9 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $2.63 million. The total value of block trades done on upticks was $3.06 million. The value of bearish trades on downticks was only $0.43 million.The up/down ratio in the block trades was a healthy 7.13 in favor of the bulls, suggesting strong buying in the stock by large traders. Shenandoah Telecommunications Co (SHEN) fell $0.01 and traded at $41.65, down -0.03% for the day, over previous days close. On a weekly basis, the shares are 1.98% over the previous weeks close.
The company Insiders own 7.48% of Shenandoah Telecommunications Co shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -20.38% . Institutional Investors own 41.2% of Shenandoah Telecommunications Co shares. During last six month period, the net percent change held by insiders has seen a change of -23.55%. In an insider trading activity, The Securities and Exchange Commission has divulged that Zerkel James E Ii, Director of SHENANDOAH TELECOMMUNICATIONS CO/VA/, had unloaded 1,500 shares at an average price of $36.46 in a transaction dated on June 27, 2016. The total value of the transaction was worth $54,690.
Shares of Shenandoah Telecommunications Co. rose by 6.3% in the last five trading days and 23.9% for the last 4 weeks. Shenandoah Telecommunications Co. is up 60.31% in the last 3-month period. Year-to-Date the stock performance stands at 94.38%.
Shenandoah Telecommunications Co (NASDAQ:SHEN): stock turned positive on Tuesday. Though the stock opened at $42.12, the bulls momentum made the stock top out at $42.26 level for the day. The stock recorded a low of $41.52 and closed the trading day at $41.84, in the green by 0.43%. The total traded volume for the day was 341,693. The stock had closed at $41.66 in the previous days trading.
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.