Vonage Holdings (VG) has risen sharply, recording gains of 3.35% in the past 4 weeks. However, the stock has corrected -1.84% in the past 1 week, providing a good buying opportunity on dips. Vonage Holdings (VG) : During the past 4 weeks, traders have been relatively bearish on Vonage Holdings (VG), hence the stock is down -3.19% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.44% relative to the S&P 500.
Vonage Holdings (NYSE:VG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.66 and $5.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.87, notching a gain of 3.89% for the day. The total traded volume was 1,627,673 . The stock had closed at $5.65 on the previous day.
The stock has recorded a 20-day Moving Average of 0.03% and the 50-Day Moving Average is 14.24%. Vonage Holdings Corporation is up 25.7% in the last 3-month period. Year-to-Date the stock performance stands at 2.26%.
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.