VimpelCom Ltd. (VIP) Shares are Up 4.07%

VimpelCom Ltd. (VIP) has been under a strong bear grip, hence the stock is down -2.12% 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 3.54% in the past 1 week. The stock has risen by 4.07% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.25% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.32% and the 50-Day Moving Average is 5.73%.The 200 Day SMA reached 16.91%. VimpelCom Ltd. is up 8.75% in the last 3-month period. Year-to-Date the stock performance stands at 32.62%.


VimpelCom Ltd. (NASDAQ:VIP): After opening at $4.24, the stock dipped to an intraday low of $4.17 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $4.45 and the buying power remained strong till the end. The stock closed at $4.35 for the day, a gain of 4.32% for the day session. The total traded volume was 1,426,081. The stocks close on the previous trading day was $4.17.

VimpelCom Ltd. (VimpelCom) is a Netherlands-based holding company. VimpelCom is a global provider of telecommunications services in 14 countries. The Company operates through six segments: Russia, Italy, Algeria, Africa & Asia, Ukraine, and the Commonwealth of Independent States (CIS). The company provides voice and data services through a range of traditional and broadband mobile and fixed-line technologies. The VimpelCom Group operates in Italy and emerging markets, which include companies operating in Russia, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Laos, Algeria, Bangladesh, and Pakistan. The operations of these companies cover a territory with a total population of approximately 740 million as of December 31, 2014. The Company provides services under the Beeline, Kyivstar, banglalink, Mobilink, Djezzy, WIND and Infostrada brands. As of December 31, 2014, the Company had 222 million mobile customers.

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