Cincinnati Bell Inc (CBB) has been under a strong bear grip, hence the stock is down -10.92% 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 1.88% in the past 1 week. The stock has risen by 2.4% in the past week indicating that the buyers are active at lower levels, but the stock is down -11.04% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 2.89% and the 50-Day Moving Average is 7.08%.The 200 Day SMA reached 10.47%. Cincinnati Bell Inc. is up 7.02% in the last 3-month period. Year-to-Date the stock performance stands at 18.61%.
Cincinnati Bell Inc (NYSE:CBB): After opening at $4.2, the stock dipped to an intraday low of $4.18 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $4.27 and the buying power remained strong till the end. The stock closed at $4.27 for the day, a gain of 3.14% for the day session. The total traded volume was 503,108. The stocks close on the previous trading day was $4.14.
Cincinnati Bell Inc., along with its consolidated subsidiaries, is a provider of integrated communications solutions in the Greater Cincinnati area. The Company has operations within three segments: Wireline, IT Services and Hardware, and Wireless. The Wireline segment provides products and services, such as data transport, high-speed internet, entertainment, local voice, long distance, VoIP, and other services. The IT Services and Hardware segment provides managed IT solutions, including managed infrastructure services, IT and telephony equipment sales, and professional IT staffing services. Cincinnati Bell Wireless LLC provides digital wireless voice and data communications services through the operation of a Global System for Mobile Communications/General Packet Radio Service network with a 3G Universal Mobile Telecommunications System and 4G High Speed Packet Access+ network overlay, which is able to provide high-speed data services, such as streaming video.