CenturyLink (CTL) : The total negative money flow of $2.25 million on Monday indicates selling on strength. The inflow of money on upticks was $5.35 million, compared to $7.6 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.7. The negative money flow of $1.5 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $0.43 million in a block trade.The transaction value of block trade on downtick was $1.93 million. The uptick to downtick ratio was 0.22. The price action in the CenturyLink (CTL) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $30.05 with a gain of $0.09 , a change of 0.28% over the previous days close. The stock registered 0.55% for the week.
CenturyLink, Inc. has lost 0.86% in the last five trading days and dropped 4.15% in the last 4 weeks. CenturyLink, Inc. is up 10.1% in the last 3-month period. Year-to-Date the stock performance stands at 23.88%.
CenturyLink (NYSE:CTL): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.03 and $29.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.02, notching a gain of 0.20% for the day. The total traded volume was 2,279,672 . The stock had closed at $29.96 on the previous day.
In a related news,The director of Centurylink, Inc, Perry Harvey P sold 20,000 shares at $31 on July 13, 2016. The Insider selling transaction had a total value worth of $620,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
CenturyLink, Inc. is an integrated communications company. The Company is engaged in providing an array of communications services to residential, business, governmental and wholesale customers. The Companys communications services include local and long-distance, broadband, private line, Multi-Protocol Label Switching (MPLS), data integration, managed hosting, colocation, Ethernet, network access, video, wireless and other ancillary services. The Company operates in two segments: Business and Consumer. The Business segment provides strategic, legacy and data integration products and services to enterprise, wholesale and governmental customers, including other communication providers. The Consumer segment provides strategic and legacy products and services to residential customers.