Large Outflow of Money Witnessed in Ericsson

Ericsson (ERIC) : The total money flow in Ericsson (ERIC) was negative ($2.97 million), which signals selling by the traders on Wednesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $4.76 million. In comparison, the inflow of money into the stock on upticks was $1.79 million. The uptick to downtick ratio was 0.38. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $2.71 million. The value of transactions on uptick was $0.17 million. The negative money flow of ($2.54 million) confirms the selling in Ericsson (ERIC) on strength. The uptick to downtick ratio of block trades was 0.06. Ericsson (ERIC) gained $0.03 at $6.84, a gain of 0.44% over the previous days close. However, the stock registered -1.3% in the week.


Telefonaktiebolaget LM Ericsson (publ) has dropped 9.79% during the last 3-month period . Year-to-Date the stock performance stands at -25.9%.

Ericsson (ERIC) : 9 analysts are covering Ericsson (ERIC) and their average rating on the stock is 3.22, which is read as a Hold. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Ericsson (NASDAQ:ERIC): The stock opened at $6.85 and touched an intraday high of $6.85 on Wednesday. During the day, the stock corrected to an intraday low of $6.75, however, the bulls stepped in and pushed the price higher to close in the green at $6.82 with a gain of 0.15% for the day. The total traded volume for the day was 3,817,342. The stock had closed at $6.81 in the previous trading session.

Telefonaktiebolaget LM Ericsson (Ericsson) is a provider of communications technology and services. Ericsson offers services, software and infrastructure for mobility, broadband and the cloud in telecom industry and other sectors. Its two core businesses are Radio, Core and Transmission and Telecom Services. Ericsson operates in four business segments: Networks, Global Services, Support Solutions and Modems. It invests in five targeted areas: Internet protocol (IP) Networks; Cloud; operations and business support systems (OSS) and business support systems (BSS); TV and Media, and Industry and Society. Radio, Core and Transmission, as well as IP Networks and Cloud report into Networks segment and Telecom Services report into Global Services segment. The product and software deliveries of OSS and BSS, TV & Media, report into Support Solutions segment, while services related to these areas report into Global Services segment. Industry and Society reports into Global Services segment.

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