Shares of VimpelCom Ltd. (VIP) Sees Large Inflow of Net Money Flow

VimpelCom Ltd. (VIP) witnessed a selling pressure and the shares last traded with a loss of -0.02 points or -0.47% at $4.21. Investors jumped in to buy the shares on weakness. The net money flow till latest update was calculated at $0.64 million with an inflow of $0.69 million in upticks and an outflow of $0.05 million in downticks. Using the data, the up/down ratio is found to be 13.22. The share price has recorded -1.64% on a weekly basis.A block trade of $0.68 million in uptick and $0 million in downtick was also observed, resulting in an up/down ratio of 0. The net money flow of the block trade stood at a $0.68, signaling heavy buying.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

VimpelCom Ltd. (NASDAQ:VIP) witnessed a decline in the market cap on Wednesday as its shares dropped 2.6% or 0.11 points. After the session commenced at $4.22, the stock reached the higher end at $4.22 while it hit a low of $4.09. With the volume soaring to 4,574,470 shares, the last trade was called at $4.12. The company has a 52-week high of $4.51. The company has a market cap of $7,238 million and there are 1,756,731,100 shares in outstanding. The 52-week low of the share price is $3.1.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.VimpelCom Ltd (ADR) was Initiated by Credit Suisse to Outperform on Nov 7, 2016.

VimpelCom Ltd. is one of the worlds largest integrated telecommunications services operators. It offers a wide range of wireless, fixed, and broadband services in Russia, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Vietnam, Cambodia, Laos, Algeria, Bangladesh, Pakistan, Burundi, Zimbabwe, Central African Republic, Italy and Canada. VimpelCom provides services under the Beeline, Kyivstar, djuice, Wind, Infostrada Mobilink, Leo, Banglalink, Telecel, and Djezzy brands. VimpelCom Ltd. is headquartered in Amsterdam, the Netherlands.

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