Iridium Communications Inc (IRDM) : Iridium Communications Inc (IRDM) had a healthy money flow of $0.17 million into the stock during the Fridays trading session. The value of bullish trades on upticks was $0.88 million, whereas, investors only sold shares worth $0.71 million on downticks. The stock closed the day with an up-down ratio of 1.24.The money flow in the block trades to the tune of $0.2 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $0.39 million worth of transactions were on upticks. A paltry $0.19 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 2.08. Iridium Communications Inc (IRDM) stock slid $0.1 intraday and traded at 7.67, a change of -1.29% over previous days close. However, for the week, the company shares are -8.8% compared to previous weeks close.
The company Insiders own 5.5% of Iridium Communications Inc shares according to the proxy statements. Institutional Investors own 95.04% of Iridium Communications Inc shares.
In a related news, Canfield Thomas C, director of Iridium Communications Inc. had purchased 5,000 shares on March 1, 2016 in a transaction. The price per share was $6.95 and the total amount of the disclosed transaction was $34,750.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
Iridium Communications Inc (NASDAQ:IRDM): stock was range-bound between the intraday low of $7.46 and the intraday high of $7.83 after having opened at $7.76 on Fridays session. The stock finally closed in the red at $7.76, a loss of -2.06%. The stock remained in the red for the whole trading day. The total traded volume was 908,141 shares. The stock failed to cross $7.83 in Fridays trading. The stocks closing price on Thursday was $7.77.
Iridium Communications Inc (IRDM) : During the past 4 weeks, traders have been relatively bearish on Iridium Communications Inc (IRDM), hence the stock is down -14.67% 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 -9.97% relative to the S&P 500. The 4-week change in the price of the stock is -14.78% and the stock has fallen -9.51% in the past 1 week.
Iridium Communications Inc. is a satellite communications company that offers global voice and data communications coverage. The Company provides voice and data communications services to businesses the United States and foreign governments, non-governmental organizations and consumers via its constellation of 66 in-orbit satellites in-orbit spares and related ground infrastructure. The Companys principal services include mobile satellite services including mobile voice and data services machine to machine (M2M) services and data. Its commercial services include postpaid mobile voice and data satellite communications services; prepaid mobile voice satellite communications services; broadband data services, machine-to-machine services and other services. The Companys commercial end user base includes markets such as emergency services, maritime, aviation, government, utilities, oil and gas, mining, recreation, forestry, heavy equipment, construction and transportation.