Zayo Group Holdings (ZAYO) Shares are Up 0.56%

Zayo Group Holdings (ZAYO) has been under a strong bear grip, hence the stock is down -1.98% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.51% in the past 1 week. The stock has risen by 0.56% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.97% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.6% and the 50-Day Moving Average is 1.48%. Zayo Group Holdings (NYSE:ZAYO): On Fridays trading session , Opening price of the stock was $28.41 with an intraday high of $28.67. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $28.36. However, the stock managed to close at $28.49, a loss of 0.11% for the day. On the previous day, the stock had closed at $28.52. The total traded volume of the day was 860,099 shares.


The company Insiders own 6% of Zayo Group Holdings shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -0.46% . Institutional Investors own 53.3% of Zayo Group Holdings shares. During last six month period, the net percent change held by insiders has seen a change of -1.76%. Also, Pacific Crest initiates coverage on Zayo Group Holdings (NYSE:ZAYO).The analysts at the brokerage house have a current rating of Sector Weight on the shares. The rating by the firm was issued on July 25, 2016.

Zayo Group Holdings, Inc. is a provider of bandwidth infrastructure in the United States and Europe. The Companys products include leased dark fiber, fiber to cellular towers and small cell sites, dedicated wavelength connections, Ethernet and Internet protocol (IP) connectivity and other high-bandwidth offerings. Its products and services include physical infrastructure, and cloud and connectivity. It operates through three segments: Physical Infrastructure, Cloud and Connectivity, and Other. Its bandwidth infrastructure assets consist of fiber networks, the optronic equipment used to provide its lit services over its fiber networks, and its datacenters where it provides colocation and interconnection services. The Company, through metro fiber networks, provides bandwidth infrastructure services within the metro markets that it serves. The Company, through regional fiber networks, provides bandwidth infrastructure services between the metro markets that it serves.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.