Large Outflow of Money Witnessed in Level 3 Communications

Level 3 Communications (LVLT) : Fridays money flow analysis of Level 3 Communications (LVLT) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $19.92 million. In comparison, the inflow of money on upticks was a meager $12.17 million. The dollar value of composite uptick trades minus the downtick trades was negative $7.75 million. The uptick to downtick ratio of 0.61 in the money flow shows weakness. The uptick block trades were valued at $3.59 million. The downtick transaction value was high at $11.03 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.33. Hence, the net money flow in the stock was negative ($7.44 million). Level 3 Communications (LVLT) gained $0.4 at $50.13, a change of 0.8% over the previous days close.


The company Insiders own 0.49% of Level 3 Communications shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.29% . During last six month period, the net percent change held by insiders has seen a change of -4.74%.

In a related news, The officer (EVP, CLO), of Level 3 Communications Inc, Ryan John Michael had unloaded 6,000 shares at $49.61 per share in a transaction on September 1, 2016. The total value of transaction was $297,660. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Level 3 Communications (NYSE:LVLT): The stock opened at $50 and touched an intraday high of $50.4 on Friday. During the day, the stock corrected to an intraday low of $49.7, however, the bulls stepped in and pushed the price higher to close in the green at $50.13 with a gain of 0.80% for the day. The total traded volume for the day was 1,548,918. The stock had closed at $49.73 in the previous trading session.

Level 3 Communications (LVLT) : Traders are bullish on Level 3 Communications (LVLT) as it has outperformed the S&P 500 by a wide margin of 1.88% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.21%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.72% in the last 1 week, and is up 1.75% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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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