Large Outflow of Money Witnessed in Sprint Corporation

Sprint Corporation (S) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($14.26 million) and the uptick to downtick ratio was 0.44. The transaction value on upticks was $11.41 million and on downticks, the transaction value was $25.67 million. In block trades, the transaction value of inflow done during uptick was $1.79 million. The transaction value of block trades during downticks was $13.67 million. The uptick to downtick block trade ratio was 0.13. The money flow was negative ($11.88 million), indicating the traders were booking profit on the price strength. Sprint Corporation (S) rose $0.22 at $6.42, during intraday Friday , a rise of 3.55% over the previous days close.


The company Insiders own 0.23% of Sprint Corporation shares according to the proxy statements. Institutional Investors own 14.94% of Sprint Corporation shares.

In a related news,The officer (Vice President & Controller) of Sprint Corp, Schieber Paul W Jr sold 19,229 shares at $3.72 on March 2, 2016. The Insider selling transaction had a total value worth of $71,532. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Sprint Corporation (NYSE:S): The stock opened at $6.2 and touched an intraday high of $6.44 on Friday. During the day, the stock corrected to an intraday low of $6.185, however, the bulls stepped in and pushed the price higher to close in the green at $6.42 with a gain of 3.55% for the day. The total traded volume for the day was 18,110,547. The stock had closed at $6.2 in the previous trading session.

Sprint Corporation (S) : Traders are bullish on Sprint Corporation (S) as it has outperformed the S&P 500 by a wide margin of 4.19% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.04%, 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 4.56% in the last 1 week, and is up 4.05% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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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