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 (82.97 million) in Zayo Group Holdings (ZAYO). On Wednesday, The value of composite uptick trades was $23.57 million, whereas, the value of composite downtick trades was $106.54 million and the ratio between the two was 0.22, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $94.87 million. $10.8 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.11. The negative money flow of ($84.07 million) shows selling on strength. Zayo Group Holdings (ZAYO) gained $0.41 intraday at $29.16 and registrered 1.43% for the week.
Also, Major Brokerage house, BTIG Research upgrades its ratings on Zayo Group Holdings (NYSE:ZAYO). In the latest research report, BTIG Research announces the target price to $31 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on April 20, 2016.
Zayo Group Holdings (NYSE:ZAYO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.84 and $28.49 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.18. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.16, notching a gain of 1.43% for the day. The total traded volume was 8,738,561 . The stock had closed at $28.75 on the previous day.
The stock has recorded a 20-day Moving Average of 4.38% and the 50-Day Moving Average is 5.46%. In a related news,The director of Zayo Group Holdings, Inc., Rottenberg Linda sold 538 shares at $28 on July 8, 2016. The Insider selling transaction had a total value worth of $15,064. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.