Shares of Mobile TeleSystems OJSC (MBT) Rally 4%

Mobile TeleSystems OJSC (MBT) : Traders are bullish on Mobile TeleSystems OJSC (MBT) as it has outperformed the S&P 500 by a wide margin of 1.31% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.47%, 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% in the last 1 week, and is up 5.74% 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 6.88% and the 50-Day Moving Average is 4.71%.

Mobile TeleSystems OJSC (NYSE:MBT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.78 and $8.74 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.84, notching a gain of 1.03% for the day. The total traded volume was 2,655,343 . The stock had closed at $8.75 on the previous day.


The company Insiders own 1% of Mobile TeleSystems OJSC shares according to the proxy statements. Institutional Investors own 34.71% of Mobile TeleSystems OJSC shares.

Mobilnye Telesystemy PAO (MTS PAO or Mobile TeleSystems PJSC), formerly Mobilnye Telesystemy OAO, is a Russia-based company engaged in the telecommunication industry. The Company provides a range of mobile and fixed line voice and data telecommunications services, including transmission, broadband, pay-television (TV) and various value-added services, as well as selling equipment and accessories. The Company provides its services domestically, as well as abroad, including Ukraine, Uzbekistan, Armenia, Turkmenistan and Belarus. MTS PAO operates through numerous branches located domestically and in Belarus, as well as several subsidiaries.

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