Towerstream Corporation (TWER) has been under a strong bear grip, hence the stock is down -39.41% 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 5.29% in the past 1 week. The stock has risen by 5.47% in the past week indicating that the buyers are active at lower levels, but the stock is down -39.73% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 22.28% and the 50-Day Moving Average is 37.74%.The 200 Day SMA reached 64.07%
Towerstream Corporation (NASDAQ:TWER): After opening at $1.24, the stock dipped to an intraday low of $1.2 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $1.38 and the buying power remained strong till the end. The stock closed at $1.35 for the day, a gain of 14.41% for the day session. The total traded volume was 872,672. The stocks close on the previous trading day was $1.35.
Towerstream Corporation (Towerstream) is a fourth generation (4G) and small cell rooftop tower company. The Company provides a range of Wireless communication services through its two business segments: Fixed Wireless Services Segment and Shared Wireless Infrastructure Segment. The Companys fixed Wireless service supports bandwidth on demand, Wireless redundancy, virtual private networks, disaster recovery, bundled data and video services. The Companys Shared Wireless Infrastructure segment offers a range of rental options on street level rooftops. The Company provides services to business customers in New York City, Boston, Chicago, Los Angeles, San Francisco, Seattle, Miami, Dallas-Fort Worth, Houston, Philadelphia, Las Vegas-Reno and Providence-Newport.