Shares of CenturyLink (CTL) Rally 3.64%

CenturyLink (CTL) : Traders are bullish on CenturyLink (CTL) as it has outperformed the S&P 500 by a wide margin of 9.28% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.11%, 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 3.64% in the last 1 week, and is up 14.06% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 8.47% and the 50-Day Moving Average is 12.38%.

CenturyLink (NYSE:CTL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.53 and $31.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.32, notching a gain of 0.06% for the day. The total traded volume was 4,568,449 . The stock had closed at $31.30 on the previous day.


The company Insiders own 0.61% of CenturyLink shares according to the proxy statements. Institutional Investors own 75.15% of CenturyLink shares. During last six month period, the net percent change held by insiders has seen a change of -19.92%. In a related news, The director, of Centurylink, Inc, Perry Harvey P had unloaded 20,000 shares at $31 per share in a transaction on July 13, 2016. The total value of transaction was $620,000. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

CenturyLink, Inc. is an integrated communications company. The Company is engaged in providing an array of communications services to residential, business, governmental and wholesale customers. The Companys communications services include local and long-distance, broadband, private line, Multi-Protocol Label Switching (MPLS), data integration, managed hosting, colocation, Ethernet, network access, video, wireless and other ancillary services. The Company operates in two segments: Business and Consumer. The Business segment provides strategic, legacy and data integration products and services to enterprise, wholesale and governmental customers, including other communication providers. The Consumer segment provides strategic and legacy products and services to residential customers.

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