Large Inflow of Money Detected in Level 3 Communications

Level 3 Communications (LVLT) stock had a bullish inflow of $16.99 million worth of trades on uptick and an outflow of $12.91 million in downticks on Thursday. The total uptick to downtick ratio stood at 1.32. The net money flow into the stock was $4.08 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $5.96 million. An inflow of $0.83 million block trade was recorded on downticks. $6.78 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 8.2 in favor of the bulls. However, Level 3 Communications (LVLT) stock traded down $0.04 , and reached $56.26, a drop of -0.07% over the previous day. On a weekly basis, the stock is 6.69%, over the previous weeks close.


The stock has recorded a 20-day Moving Average of 9.83% and the 50-Day Moving Average is 8.63%. Shares have rallied 0.63% from its 1 Year high price. On Apr 28, 2016, the shares registered one year high at $56.11 and the one year low was seen on Sep 29, 2015. The 50-Day Moving Average price is $51.92 and the 200 Day Moving Average price is recorded at $51.00.

Level 3 Communications (NYSE:LVLT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $56.74 and $56.20 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $57.05. The buying momentum continued till the end and the stock did not give up its gains. It closed at $56.55, notching a gain of 0.44% for the day. The total traded volume was 2,299,865 . The stock had closed at $56.30 on the previous day.

In an insider trading activity,The officer (President and CEO) of Level 3 Communications Inc, Storey Jeffrey K sold 60,557 shares at $50.41 on July 5, 2016. The Insider selling transaction had a total value worth of $3,052,678. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Level 3 Communications, Inc. is a provider of a range of integrated communications services. The Companys operating segments include North America includes operations in Georgia, Colorado, Florida, Canada, New York, Arizona, Pennsylvania, Michigan and Oklahoma; Europe includes operations in England, Ireland, The Netherlands and France; The Latin America includes operations in Colombia, Argentina, Venezuela, Peru, Ecuador, Chile and Brazil. The Asia or Pacific includes operations in China, Singapore and Japan. The tw telecom inc. (tw telecom) is an indirect, wholly owned subsidiary of the Company. The Company offers services, which includes core network services and wholesale voice services. It offers products, which include core network services, including transport and fiber services, colocation and data center services, IP and data services, managed services, cloud and IT services, voice services and wholesale voice services, including voice termination and toll free.

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