Vonage Holdings (VG) : Traders are bullish on Vonage Holdings (VG) as it has outperformed the S&P 500 by a wide margin of 5.52% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.72%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.22% in the last 1 week, and is up 10.13% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 3.77% and the 50-Day Moving Average is 20.24%.
Vonage Holdings (NYSE:VG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.96 and $5.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.98, notching a gain of 1.18% for the day. The total traded volume was 1,797,205 . The stock had closed at $5.91 on the previous day.
The company Insiders own 14.59% of Vonage Holdings shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 151.11% . Institutional Investors own 75.29% of Vonage Holdings shares. During last six month period, the net percent change held by insiders has seen a change of 54.98%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the Officer (Chief Network Officer) of VONAGE HOLDINGS CORP, Graham Mcgonigal had sold 64,248 shares worth of $385,488 in a transaction dated June 29, 2016. In this transaction, 64,248 shares were sold at $6 per share.
Vonage Holdings Corp. is a provider of telecommunications and unified communications-as-a-service (UCaaS) solutions, connecting people through cloud-connected devices around the world. The Company offers a scalable session initiation protocol (SIP)-based Voice over Internet Protocol (VoIP) network. Through this technology, it offers voice and messaging services, and other features around the world on various devices. This platform enables a user via a single identity, either a number or user name, to access and utilize services and features by being connected to the Internet over third generation (3G), Long-Term Evolution (LTE), cable or Digital Subscriber Line (DSL) broadband networks. The Company has operations in the United States, the United Kingdom, Brazil, Israel and Canada. Its brand, BasicTalk, is a home phone service offering unlimited calling throughout the United States. It is focused on providing UCaaS solutions to domestic consumers, and small and medium businesses.