Shares of Vonage Holdings (VG) Sees Large Outflow of Money

Vonage Holdings (VG) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($11.77 million) and the uptick to downtick ratio was 0.01. The transaction value on upticks was $0.08 million and on downticks, the transaction value was $11.85 million. The transaction value of block trades during downticks was $11.83 million. The money flow was negative ($11.83 million), indicating the traders were booking profit on the price strength. Vonage Holdings (VG) rose $0.02 at $6.05, during intraday Thursday , a rise of 0.33% over the previous days close.


The stock has recorded a 20-day Moving Average of 3.01% and the 50-Day Moving Average is 19.44%. Shares have rallied 23.08% from its 1 Year high price. On Nov 4, 2015, the shares registered one year high at $7.42 and the one year low was seen on May 13, 2016. The 50-Day Moving Average price is $5.20 and the 200 Day Moving Average price is recorded at $4.90.

Vonage Holdings (NYSE:VG): The stock opened at $6.09 on Thursday but the bulls could not build on the opening and the stock topped out at $6.09 for the day. The stock traded down to $5.90 during the day, due to lack of any buying support eventually closed down at $5.91 with a loss of -1.99% for the day. The stock had closed at $6.03 on the previous day. The total traded volume was 4,618,055 shares.

In an insider trading activity, Graham Mcgonigal, Officer (Chief Network Officer) of VONAGE HOLDINGS CORP, unloaded 64,248 shares at an average price of $6 on June 29, 2016. The total amount of the transaction was worth $385,488, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Vonage Holdings Corp. is a provider of telecommunications and unified communications-as-a-service (UCaaS) solutions, connecting people through cloud-connected devices around the world. The Company offers a scalable session initiation protocol (SIP)-based Voice over Internet Protocol (VoIP) network. Through this technology, it offers voice and messaging services, and other features around the world on various devices. This platform enables a user via a single identity, either a number or user name, to access and utilize services and features by being connected to the Internet over third generation (3G), Long-Term Evolution (LTE), cable or Digital Subscriber Line (DSL) broadband networks. The Company has operations in the United States, the United Kingdom, Brazil, Israel and Canada. Its brand, BasicTalk, is a home phone service offering unlimited calling throughout the United States. It is focused on providing UCaaS solutions to domestic consumers, and small and medium businesses.

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