Shares of America Movil S.A.B. de C.V. (AMX) Sees Large Outflow of Money

America Movil S.A.B. de C.V. (AMX) : Money flow in the America Movil S.A.B. de C.V. (AMX) stock was negative (3.09 million) on Monday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $2.92 million, compared to $6.01 million on downticks. The total uptick to downtick ratio was 0.49, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($3.35 million), indicating selling on the strength. The transaction value during uptick in block trades was $0.26 million. Downtick transaction value in block trades amounted to $3.61 million, indicating persistent selling. The uptick to downtick ratio was 0.07. America Movil S.A.B. de C.V. (AMX) traded $0.19 higher at $12.23 gaining 1.54% over the previous days close.


Shares of America Movil S.A.B. de C.V. appreciated by 4.71% during the last five trading days but lost 0.84% on a 4-week basis. America Movil S.A.B. de C.V. has dropped 3.77% during the last 3-month period . Year-to-Date the stock performance stands at -11.98%.

America Movil S.A.B. de C.V. (NYSE:AMX): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.12 and $12.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.23, notching a gain of 1.58% for the day. The total traded volume was 3,039,358 . The stock had closed at $12.04 on the previous day.

America Movil, S.A.B. de C.V. (America Movil) is a holding company. The Company provides telecommunications services in 25 countries. It provides wireless, fixed-line, broadband and pay television services. The Companys segments include Mexico Wireless, Mexico Fixed-Line, Brazil, Colombia, Southern Cone, Andean Region, Central America, United States, Caribbean and Europe. Southern Cone includes Argentina, Chile, Paraguay and Uruguay. Andean Region includes Ecuador and Peru. Central America includes Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama. Caribbean includes the Dominican Republic and Puerto Rico. Europe includes Austria, Belarus, Bulgaria, Croatia, Macedonia, Serbia and Slovenia. The Company offers data services, including short message services (SMS), multimedia messaging service (MMS), mobile entertainment services, data-transmission, Internet browsing and e-mail services.

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