Large Inflow of Money Detected in Zayo Group Holdings

Zayo Group Holdings (ZAYO) : Investors lapped up stocks on upticks to the tune of $20.05 million in the Thursdays trading session. The trading value on downticks was comparatively at $11.11 million and the uptick to downtick ratio of 1.8 indicates continuous buying by the bulls. The net money flow into the stock was $8.94 million. The block trades were dominated by the bulls with a healthy 16.45, uptick to downtick ratio. Only $0.55 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $9.09 clearly indicating buying by large investors. The total money flow for block trades stood at $8.54 million, which is a positive for the stock in the long-term. Zayo Group Holdings (ZAYO) fell $0.15 during the day at $28.64, a drop of -0.52% over the previous days close. However, for the week, the stock is 0.53%, compared to the previous week.


The stock has recorded a 20-day Moving Average of 3.66% and the 50-Day Moving Average is 4.21%. Shares have rallied 15.51% from its 1 Year high price. On Aug 17, 2015, the shares registered one year high at $29.62 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $27.61 and the 200 Day Moving Average price is recorded at $25.65.

Zayo Group Holdings (NYSE:ZAYO): The stock opened at $28.94 on Thursday but the bulls could not build on the opening and the stock topped out at $28.96 for the day. The stock traded down to $28.47 during the day, due to lack of any buying support eventually closed down at $28.64 with a loss of -0.52% for the day. The stock had closed at $28.79 on the previous day. The total traded volume was 2,936,030 shares.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Zayo Group Holdings, Inc., Richardson Nina had sold 1,025 shares worth of $28,557 in a transaction dated July 1, 2016. In this transaction, 1,025 shares were sold at $27.86 per share.

Zayo Group Holdings, Inc. is a provider of bandwidth infrastructure in the United States and Europe. The Companys products include leased dark fiber, fiber to cellular towers and small cell sites, dedicated wavelength connections, Ethernet and Internet protocol (IP) connectivity and other high-bandwidth offerings. Its products and services include physical infrastructure, and cloud and connectivity. It operates through three segments: Physical Infrastructure, Cloud and Connectivity, and Other. Its bandwidth infrastructure assets consist of fiber networks, the optronic equipment used to provide its lit services over its fiber networks, and its datacenters where it provides colocation and interconnection services. The Company, through metro fiber networks, provides bandwidth infrastructure services within the metro markets that it serves. The Company, through regional fiber networks, provides bandwidth infrastructure services between the metro markets that it serves.

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