Ericsson (ERIC) : The money flow analysis of Ericsson (ERIC) indicates a $0.26 million of outflow was on downticks, whereas, the investors on Friday gobbled up stocks worth $0.44 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.69 and so was the total money flow at $0.18 million. The bulls lapped up $0.1 million worth of block trades on upticks. The money flow was $0.1 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Ericsson (ERIC), pushing it down by -0.21% for the day. The stock slid $0.02 and traded at $7.13 during the day. Nonetheless, the stock is -3.19% over the previous weeks close.
Institutional Investors own 7.29% of Ericsson shares.
Ericsson (NASDAQ:ERIC): stock was range-bound between the intraday low of $7.09 and the intraday high of $7.18 after having opened at $7.18 on Fridays session. The stock finally closed in the red at $7.18, a loss of -0.28%. The stock remained in the red for the whole trading day. The total traded volume was 2,411,762 shares. The stock failed to cross $7.18 in Fridays trading. The stocks closing price on Thursday was $7.14.
Ericsson (ERIC) : During the past 4 weeks, traders have been relatively bearish on Ericsson (ERIC), hence the stock is down -2.47% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.75% relative to the S&P 500. The 4-week change in the price of the stock is -2.6% and the stock has fallen -3.26% in the past 1 week.
Telefonaktiebolaget LM Ericsson (Ericsson) is a provider of communications technology and services. Ericsson offers services, software and infrastructure for mobility, broadband and the cloud in telecom industry and other sectors. Its two core businesses are Radio, Core and Transmission and Telecom Services. Ericsson operates in four business segments: Networks, Global Services, Support Solutions and Modems. It invests in five targeted areas: Internet protocol (IP) Networks; Cloud; operations and business support systems (OSS) and business support systems (BSS); TV and Media, and Industry and Society. Radio, Core and Transmission, as well as IP Networks and Cloud report into Networks segment and Telecom Services report into Global Services segment. The product and software deliveries of OSS and BSS, TV & Media, report into Support Solutions segment, while services related to these areas report into Global Services segment. Industry and Society reports into Global Services segment.