Cincinnati Bell Inc (CBB) has risen sharply, recording gains of 11.77% in the past 4 weeks. However, the stock has corrected -1.59% 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 4.69% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Cincinnati Bell Inc (NYSE:CBB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.70 and $4.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.01. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.94, notching a gain of 5.78% for the day. The total traded volume was 1,122,664 . The stock had closed at $4.67 on the previous day.
The stock has recorded a 20-day Moving Average of 6.21% and the 50-Day Moving Average is 17.4%. Cincinnati Bell Inc. is up 26.02% in the last 3-month period. Year-to-Date the stock performance stands at 37.22%.
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.