CenturyLink (CTL) has risen sharply, recording gains of 10.63% in the past 4 weeks. However, the stock has corrected -1.34% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.63% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
CenturyLink (NYSE:CTL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.75 and $30.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.04. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.90, notching a gain of 0.85% for the day. The total traded volume was 2,287,295 . The stock had closed at $30.64 on the previous day.
The stock has recorded a 20-day Moving Average of 4.19% and the 50-Day Moving Average is 9.91%. CenturyLink, Inc. is up 0.43% in the last 3-month period. Year-to-Date the stock performance stands at 27.52%.
CenturyLink, Inc. is an integrated communications company. The Company is engaged in providing an array of communications services to residential, business, governmental and wholesale customers. The Companys communications services include local and long-distance, broadband, private line, Multi-Protocol Label Switching (MPLS), data integration, managed hosting, colocation, Ethernet, network access, video, wireless and other ancillary services. The Company operates in two segments: Business and Consumer. The Business segment provides strategic, legacy and data integration products and services to enterprise, wholesale and governmental customers, including other communication providers. The Consumer segment provides strategic and legacy products and services to residential customers.