Zayo Group Holdings (ZAYO) has been under a strong bear grip, hence the stock is down -3.47% 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 1.12% in the past 1 week. The stock has risen by 1.09% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.1% in the past 4 weeks.
Zayo Group Holdings, Inc. is up 4.73% in the last 3-month period. Year-to-Date the stock performance stands at 8.31%. The stock has recorded a 20-day Moving Average of 0.71% and the 50-Day Moving Average is 2.32%.
Zayo Group Holdings (NYSE:ZAYO): The stock opened at $28.73 on Friday but the bulls could not build on the opening and the stock topped out at $28.83 for the day. The stock traded down to $28.52 during the day, due to lack of any buying support eventually closed down at $28.80 with a loss of -0.24% for the day. The stock had closed at $28.87 on the previous day. The total traded volume was 1,694,678 shares.
Also, Pacific Crest initiates coverage on Zayo Group Holdings (NYSE:ZAYO) The current rating of the shares is Sector Weight. The rating by the firm was issued on July 25, 2016.
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.