Shares of Sprint Corporation (S) Sees Large Inflow of Net Money Flow

Sprint Corporation (S): $1.12 million was the positive money flow into the stock on Monday and the up/down ratio of ticks was also in favor of the bulls at 1.18. The value of trades done on upticks was $7.36 million, whereas, trades done on downticks were valued at $6.25 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $4.33 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $2.43 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 1.78 was strongly in favor of the bulls. The money flow in block trades was $1.9 million. Sprint Corporation (S) fell $0.3 traded at $4.7, a change of -6.08% over the previous day. The stock is 0.34% for the week.


Sprint Corporation is up 33.43% in the last 3-month period. Year-to-Date the stock performance stands at 31.22%. Sprint Corporation has dropped 2.46% in the last five trading days, however, the shares have posted positive gains of 28.03% in the last 4 weeks. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Vice President & Controller) of Sprint Corp, Schieber Paul W Jr had sold 19,229 shares worth of $71,532 in a transaction dated March 2, 2016. In this transaction, 19,229 shares were sold at $3.72 per share.

Sprint Corporation (NYSE:S): On Mondays trading session , Opening price of the stock was $4.89 with an intraday high of $4.89. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $4.6. However, the stock managed to close at $4.75, a loss of 5.00% for the day. On the previous day, the stock had closed at $5. The total traded volume of the day was 57,616,858 shares.

Sprint Corporation is a holding company. The Company, along with its subsidiaries is a wireless communications company offering a range of wireless and wireline communications products and services. The Company operates in two segments: Wireless and Wireline. Its services are provided through its ownership of wireless networks, an all-digital global wireline network and a Tier 1 Internet backbone. It offers wireless and wireline services to subscribers in all 50 states, Puerto Rico, and the United States Virgin Islands under the Sprint corporate brand, which includes its retail brands of Sprint, Boost Mobile, Virgin Mobile and Assurance Wireless. It markets its postpaid services under the Sprint brand. It markets its prepaid services under the Sprint, Boost Mobile, Virgin Mobile and Assurance Wireless brands. In addition, it sells accessories, such as carrying cases, hands-free devices and and it sells devices and accessories to agents and other third-party distributors for resale.

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