Shares of CyrusOne Inc (CONE) Sees Large Outflow of Money

CyrusOne Inc (CONE) : The total negative money flow of $9.29 million on Monday indicates selling on strength. The inflow of money on upticks was $7.02 million, compared to $16.32 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.43. The negative money flow of $8.25 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $8.25 million. The price action in the CyrusOne Inc (CONE) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $52.28 with a gain of $0.35 , a change of 0.67% over the previous days close. The stock registered 1.93% for the week.


Shares of Cyrusone Inc. appreciated by 1.32% during the last five trading days but lost 3.68% on a 4-week basis. Cyrusone Inc. is up 4.73% in the last 3-month period. Year-to-Date the stock performance stands at 40.13%.

CyrusOne Inc (NASDAQ:CONE): The stock opened at $52.28 on Monday but the bulls could not build on the opening and the stock topped out at $52.53 for the day. The stock traded down to $50.50 during the day, due to lack of any buying support eventually closed down at $51.62 with a loss of -1.26% for the day. The stock had closed at $52.28 on the previous day. The total traded volume was 760,899 shares.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (CHIEF TECHNOLOGY OFFICER) of Cyrusone Inc., Timmons Kevin L had sold 14,086 shares worth of $564,849 in a transaction dated February 29, 2016. In this transaction, 14,086 shares were sold at $40.1 per share.

CyrusOne Inc. (CyrusOne) is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. The Companys data centers are purpose-built facilities, which have access to a range of telecommunications carriers. It provides mission-critical data center facilities that protect the information technology (IT) infrastructure for its clients. The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within the CyrusOne footprint and beyond. As of July 1, 2015, the Company had approximately 900 customers. As of July 1, 2015, the Companys property portfolio included 31 data centers across 12 markets in 10 cities in the United States, London and Singapore. The Companys facilities cover approximately 500,000 gross square feet of space, including over 130,000 colocation square feet and around 100,000 square feet of work area recovery space.

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