Shenandoah Telecommunications Co (SHEN) : During the past 4 weeks, traders have been relatively bearish on Shenandoah Telecommunications Co (SHEN), hence the stock is down -32.74% 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 -16.42% relative to the S&P 500. The 4-week change in the price of the stock is -32.04% and the stock has fallen -16.37% in the past 1 week.
The stock has recorded a 20-day Moving Average of 26.17% and the 50-Day Moving Average is 24.64%. Shenandoah Telecommunications Co (NASDAQ:SHEN): stock turned positive on Friday. Though the stock opened at $28.02, the bulls momentum made the stock top out at $28.51 level for the day. The stock recorded a low of $27.54 and closed the trading day at $28.25, in the green by 0.53%. The total traded volume for the day was 524,959. The stock had closed at $28.1 in the previous days trading.
The company Insiders own 7.48% of Shenandoah Telecommunications Co shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -21.5% . Institutional Investors own 41.26% of Shenandoah Telecommunications Co shares. During last six month period, the net percent change held by insiders has seen a change of -23.55%. Also, Major Brokerage house, FBR Capital downgrades its ratings on Shenandoah Telecommunications Co (NASDAQ:SHEN). According to the latest information available, the shares are now rated Market Perform by the analysts at the agency. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on August 8, 2016.
Shenandoah Telecommunications Company is a diversified telecommunications holding company. The Company provides both regulated and unregulated telecommunications services to end user customers and other telecommunications providers in Virginia, West Virginia, central Pennsylvania and western Maryland. The Company operates in four segments: Wireless, Cable, Wireline and Other. The Companys Wireless segment provides digital wireless service to a portion of a four-state area covering the region from Harrisburg, York and Altoona, Pennsylvania, to Harrisonburg, Virginia. The Cable segment provides video, Internet and voice services in franchise areas in portions of Virginia, West Virginia and western Maryland. The Wireline segment provides regulated and unregulated voice services, digital subscriber lines (DSL) Internet access and long distance access services. The Other segment includes operations of Shenandoah Telecommunications Company.