Voltari Corporation (VLTC) has been under a strong bear grip, hence the stock is down -8.95% 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 5.84% in the past 1 week. The stock has risen by 6.29% in the past week indicating that the buyers are active at lower levels, but the stock is down -6.69% in the past 4 weeks.
Voltari Corporation (NASDAQ:VLTC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.21 and $3.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.21, notching a gain of 2.13% for the day. The total traded volume was 32,118 . The stock had closed at $3.14 on the previous day.
The stock has recorded a 20-day Moving Average of 4.18% and the 50-Day Moving Average is 6.95%. Voltari Corporation has dropped 13.24% during the last 3-month period . Year-to-Date the stock performance stands at -35.8%.
Voltari Corporation is a provider of merchandising, digital marketing and advertising solutions, primarily over smartphones and other mobile devices. The Company provides its solutions to brands, marketers and advertising agencies. The Company is focused on its digital media and marketing business and is planning to expand its product offerings to add online and display solutions to its suite of mobile data marketing services. The Company uses predictive analytics capabilities and real-time data management, including data curation and modeling. Advertisers pay the Company to deliver their advertisements (ads) to mobile users and the Company pays Website and mobile application owners for the use of their ad space.