Cincinnati Bell Inc (CBB) Shares are Down -5.42%

Cincinnati Bell Inc (CBB) : During the past 4 weeks, traders have been relatively bearish on Cincinnati Bell Inc (CBB), hence the stock is down -10.49% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.47% relative to the S&P 500. The 4-week change in the price of the stock is -9.56% and the stock has fallen -5.42% in the past 1 week.

The stock has recorded a 20-day Moving Average of 6.13% and the 50-Day Moving Average is 0.06%. Cincinnati Bell Inc (NYSE:CBB): On Fridays trading session , Opening price of the stock was $4.62 with an intraday high of $4.66. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $4.52. However, the stock managed to close at $4.54, a loss of 2.58% for the day. On the previous day, the stock had closed at $4.66. The total traded volume of the day was 849,134 shares.


The company Insiders own 1% of Cincinnati Bell Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -40.29% . Institutional Investors own 78.38% of Cincinnati Bell Inc shares. During last six month period, the net percent change held by insiders has seen a change of -40.29%. Also, Equity analysts at the Brokerage firm Raymond James downgrades its rating on Cincinnati Bell Inc (NYSE:CBB). The rating major has initiated the coverage with market perform rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on August 8, 2016.

Cincinnati Bell Inc., along with its consolidated subsidiaries, is a provider of integrated communications solutions in the Greater Cincinnati area. The Company has operations within three segments: Wireline, IT Services and Hardware, and Wireless. The Wireline segment provides products and services, such as data transport, high-speed internet, entertainment, local voice, long distance, VoIP, and other services. The IT Services and Hardware segment provides managed IT solutions, including managed infrastructure services, IT and telephony equipment sales, and professional IT staffing services. Cincinnati Bell Wireless LLC provides digital wireless voice and data communications services through the operation of a Global System for Mobile Communications/General Packet Radio Service network with a 3G Universal Mobile Telecommunications System and 4G High Speed Packet Access+ network overlay, which is able to provide high-speed data services, such as streaming video.

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