Large Outflow of Money Witnessed in Sprint Corporation

Sprint Corporation (S) : Net money flow in Sprint Corporation (S) was negative ($1.54 million) and the inflow of money on uptick was $3.19 million, whereas, the outflow of money on downticks amounted to $4.73 million on Wednesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.67. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $0.17 million. On the other hand, the total value of block trades done on downticks was $0.86 million. The ratio of uptick to downtick block trades was 0.2. The money flow in block trades was negative ($0.69). Sprint Corporation (S) gained $0.01 cent during the day and reached $6.74, a gain of 0.07% over the previous day.


Shares of Sprint Corporation rose by 6.6% in the last five trading days and 8.83% for the last 4 weeks. Sprint Corporation is up 51.34% in the last 3-month period. Year-to-Date the stock performance stands at 87.29%.

Sprint Corporation (S) : 2 brokerage houses believe that Sprint Corporation (S) is a Strong Buy at current levels. 11 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Sprint Corporation (S). Zacks Investment Research suggests a Hold with a rank of 3. 2 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 3 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 18 Wall Street Analysts endorse the stock as a Hold with a rating of 3.22.

Sprint Corporation (NYSE:S): The stock opened at $6.73 and touched an intraday high of $6.79 on Wednesday. During the day, the stock corrected to an intraday low of $6.68, however, the bulls stepped in and pushed the price higher to close in the green at $6.78 with a gain of 0.74% for the day. The total traded volume for the day was 9,346,756. The stock had closed at $6.73 in the previous trading session.

Sprint Corporation is a holding company. The Company, along with its subsidiaries is a wireless communications company offering a range of wireless and wireline communications products and services. The Company operates in two segments: Wireless and Wireline. Its services are provided through its ownership of wireless networks, an all-digital global wireline network and a Tier 1 Internet backbone. It offers wireless and wireline services to subscribers in all 50 states, Puerto Rico, and the United States Virgin Islands under the Sprint corporate brand, which includes its retail brands of Sprint, Boost Mobile, Virgin Mobile and Assurance Wireless. It markets its postpaid services under the Sprint brand. It markets its prepaid services under the Sprint, Boost Mobile, Virgin Mobile and Assurance Wireless brands. In addition, it sells accessories, such as carrying cases, hands-free devices and and it sells devices and accessories to agents and other third-party distributors for resale.

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