Shares of CenturyLink (CTL) Sees Large Outflow of Money

CenturyLink (CTL) : Net money flow in CenturyLink (CTL) was negative ($13.45 million) and the inflow of money on uptick was $19.49 million, whereas, the outflow of money on downticks amounted to $32.94 million on Thursday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.59. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $2.1 million. On the other hand, the total value of block trades done on downticks was $15.71 million. The ratio of uptick to downtick block trades was 0.13. The money flow in block trades was negative ($13.61). CenturyLink (CTL) gained $0.42 cent during the day and reached $31.3, a gain of 1.36% over the previous day.


The stock has recorded a 20-day Moving Average of 9.17% and the 50-Day Moving Average is 12.41%. Shares have rallied 1.17% from its 1 Year high price. On Apr 19, 2016, the shares registered one year high at $32.94 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $27.77 and the 200 Day Moving Average price is recorded at $28.55.

CenturyLink (NYSE:CTL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.04 and $31.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.30, notching a gain of 1.36% for the day. The total traded volume was 4,369,182 . The stock had closed at $30.88 on the previous day.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP, Global Ops & Shared Svcs) of Centurylink, Inc, Moreau Maxine L had sold 3,841 shares worth of $116,113 in a transaction dated February 18, 2016. In this transaction, 3,841 shares were sold at $30.23 per share.

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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