Shares of Zayo Group Holdings (ZAYO) Rally 0.98%

On a relative basis, the stock has outperformed the S&P 500 by 2.21% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.98% in the last 1 week, and is up 6.67% 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 3.83% and the 50-Day Moving Average is 4.53%.

Zayo Group Holdings (NYSE:ZAYO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.83 and $28.53 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.77, notching a gain of 0.45% for the day. The total traded volume was 2,765,031 . The stock had closed at $28.64 on the previous day.


The company Insiders own 6% of Zayo Group Holdings shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -0.44% . Institutional Investors own 53.5% of Zayo Group Holdings shares. During last six month period, the net percent change held by insiders has seen a change of -1.56%. In a related news,The director of Zayo Group Holdings, Inc., Rottenberg Linda sold 538 shares at $28 on July 8, 2016. The Insider selling transaction had a total value worth of $15,064. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Zayo Group Holdings, Inc. is a provider of bandwidth infrastructure in the United States and Europe. The Companys products include leased dark fiber, fiber to cellular towers and small cell sites, dedicated wavelength connections, Ethernet and Internet protocol (IP) connectivity and other high-bandwidth offerings. Its products and services include physical infrastructure, and cloud and connectivity. It operates through three segments: Physical Infrastructure, Cloud and Connectivity, and Other. Its bandwidth infrastructure assets consist of fiber networks, the optronic equipment used to provide its lit services over its fiber networks, and its datacenters where it provides colocation and interconnection services. The Company, through metro fiber networks, provides bandwidth infrastructure services within the metro markets that it serves. The Company, through regional fiber networks, provides bandwidth infrastructure services between the metro markets that it serves.

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