Towerstream Corporation (TWER) has been under a strong bear grip, hence the stock is down -14.56% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 10.43% in the past 1 week. The stock has risen by 11.11% in the past week indicating that the buyers are active at lower levels, but the stock is down -8.78% in the past 4 weeks.
Towerstream Corporation (NASDAQ:TWER): The stock opened at $2.81 on Friday but the bulls could not build on the opening and the stock topped out at $2.99 for the day. The stock traded down to $2.60 during the day, due to lack of any buying support eventually closed down at $2.70 with a loss of -3.57% for the day. The stock had closed at $2.80 on the previous day. The total traded volume was 1,458,693 shares.
The stock has recorded a 20-day Moving Average of 4.8% and the 50-Day Moving Average is 27.7%. Towerstream Corporation has dropped 20.59% during the last 3-month period . Year-to-Date the stock performance stands at -64.47%.
Towerstream Corporation (Towerstream) is a fourth generation (4G) and small cell rooftop tower company. The Company provides a range of Wireless communication services through its two business segments: Fixed Wireless Services Segment and Shared Wireless Infrastructure Segment. The Companys fixed Wireless service supports bandwidth on demand, Wireless redundancy, virtual private networks, disaster recovery, bundled data and video services. The Companys Shared Wireless Infrastructure segment offers a range of rental options on street level rooftops. The Company provides services to business customers in New York City, Boston, Chicago, Los Angeles, San Francisco, Seattle, Miami, Dallas-Fort Worth, Houston, Philadelphia, Las Vegas-Reno and Providence-Newport.