Large Outflow of Money Witnessed in CyrusOne Inc

CyrusOne Inc (CONE) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (0.71 million) in CyrusOne Inc (CONE). On Monday, The value of composite uptick trades was $0.57 million, whereas, the value of composite downtick trades was $1.28 million and the ratio between the two was 0.45, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $0.54 million. The negative money flow of ($0.54 million) shows selling on strength. CyrusOne Inc (CONE) gained $0.18 intraday at $53.77 and registrered 0.34% for the week.


Cyrusone Inc. is up 23.29% in the last 3-month period. Year-to-Date the stock performance stands at 45.56%. Cyrusone Inc. has dropped 2.44% in the last five trading days, however, the shares have posted positive gains of 3.81% in the last 4 weeks. In a related news, Timmons Kevin L, officer (CHIEF TECHNOLOGY OFFICER) of Cyrusone Inc., unloaded 14,086 shares at an average price of $40.1 on February 29, 2016. The total amount of the transaction was worth $564,849, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

CyrusOne Inc (NASDAQ:CONE): stock turned positive on Monday. Though the stock opened at $53.46, the bulls momentum made the stock top out at $53.9915 level for the day. The stock recorded a low of $53.22 and closed the trading day at $53.62, in the green by 0.06%. The total traded volume for the day was 562,136. The stock had closed at $53.59 in the previous days trading.

CyrusOne Inc. (CyrusOne) is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. The Companys data centers are purpose-built facilities, which have access to a range of telecommunications carriers. It provides mission-critical data center facilities that protect the information technology (IT) infrastructure for its clients. The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within the CyrusOne footprint and beyond. As of July 1, 2015, the Company had approximately 900 customers. As of July 1, 2015, the Companys property portfolio included 31 data centers across 12 markets in 10 cities in the United States, London and Singapore. The Companys facilities cover approximately 500,000 gross square feet of space, including over 130,000 colocation square feet and around 100,000 square feet of work area recovery space.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.