Large Inflow of Money Detected in Sprint Corporation

Sprint Corporation (S) : Mondays money flow indicated an uptick to downtick ratio was at 2.68. The total value of inflow transactions on upticks was $19.56 million, whereas, the total value of outflow trades on downticks was $7.3 million. The total money flow was $12.25 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $11.7 million. The total value of the trades done on upticks was $13.14 million. Downticks saw transactions worth $1.44 million. The total uptick to downtick ratio stood at 9.13, mildly in favor of the bulls. Sprint Corporation (S) was trading with a -0.16% change over previous days close. It fell $0.01 during the day and reached $6.09. The stock was -1.3% compared to the previous weeks close.


Sprint Corporation has dropped 1.13% in the last five trading days, however, the shares have posted positive gains of 23% in the last 4 weeks. Sprint Corporation is up 79.3% in the last 3-month period. Year-to-Date the stock performance stands at 69.89%.

Sprint Corporation (NYSE:S): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.10 and $6.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.18. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.15, notching a gain of 0.99% for the day. The total traded volume was 14,834,214 . The stock had closed at $6.09 on the previous day.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Vice President & Controller) of Sprint Corp, Schieber Paul W Jr had sold 19,229 shares worth of $71,532 in a transaction dated March 2, 2016. In this transaction, 19,229 shares were sold at $3.72 per share.

Sprint Corporation is a holding company. The Company, along with its subsidiaries is a wireless communications company offering a range of wireless and wireline communications products and services. The Company operates in two segments: Wireless and Wireline. Its services are provided through its ownership of wireless networks, an all-digital global wireline network and a Tier 1 Internet backbone. It offers wireless and wireline services to subscribers in all 50 states, Puerto Rico, and the United States Virgin Islands under the Sprint corporate brand, which includes its retail brands of Sprint, Boost Mobile, Virgin Mobile and Assurance Wireless. It markets its postpaid services under the Sprint brand. It markets its prepaid services under the Sprint, Boost Mobile, Virgin Mobile and Assurance Wireless brands. In addition, it sells accessories, such as carrying cases, hands-free devices and and it sells devices and accessories to agents and other third-party distributors for resale.

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