Boingo Wireless, Inc. (NASDAQ:WIFI) Traded 19.3% Above Its 50 Day Average


Shares are trading at $19.29 much higher than $16.17, the 50 day moving average and which is quite a bit above the 200 day moving average of $14.35. The 50 day moving average went up by +19.33% and the 200 day average went up by +34.39%. Trading volume for Boingo Wireless, Inc. was 353K by the end of trading on Friday. Volume was down 8.14% under the stocks average daily volume.

There has been some selling insider activity on Boingo Wireless, Inc. (NASDAQ:WIFI) recently. Tom Tracey, Sr VP sold $461,250 worth of shares at a price of $18.45 on August 9th. That brings the Sr VP’s holdings to $589,957 as reported to the SEC. Michael Finley, Director reported the sale of 14,493 shares of WIFI stock. The shares were sold on August 8th for an average price of $18.08. The Director now owns $1,093,804 of the stock according to the SEC filing.

CEO David Hagan disclosed the sale of 75,000 shares of (WIFI). The shares sold for $15.27. Hagan now owns $9,113,945 of the stock per the Form 4 SEC filing.

These firms have also modified their investment in WIFI. As of the end of the quarter Susquehanna International Group, Llp had bought 27,657 shares growing its holdings by 256.1%. The value of the company’s investment in Boingo Wireless, Inc. went from $140,000 to $575,000 a change of $435,000 quarter to quarter. As of quarter end Sterling Capital Management LLC had disposed of a total of 24,138 shares trimming its position 39.7%. The value of the investment in WIFI decreased from $790,000 to $549,000 decreasing 30.5% since the last quarter.

Manufacturers Life Insurance Company, The cut its stake by shedding 11,576 shares a decrease of 81.0% as of 06/30/2017. Manufacturers Life Insurance Company, The currently owns 2,719 shares valued at $41,000. The value of the position overall is down by 78.0%. As of quarter end Tower Research Capital LLC (trc) had disposed of 1,789 shares trimming its stake by 100.0%. The value of the investment in (WIFI) went from $16,000 to $0 a change of 100.0% quarter over quarter.

The company is trading down by -1.08 percent from yesterday’s close. In the latest earnings report the EPS was $-0.65 and is projected to be $-0.64 for the current year with 40,109,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $-0.13 with next year’s EPS anticipated to be $-0.45.

Boingo Wireless, Inc., launched on April 16, 2001, is a provider of commercial mobile wireless fidelity (Wi-Fi) Internet solutions and indoor direct-attached storage (DAS) services. The Company operates as a service provider of wireless connectivity solutions across its managed and operated network and aggregated network for mobile devices such as laptops, smartphones, tablets and other wireless-enabled consumer devices. It acquires long-term wireless rights at venues, such as airports, transportation hubs, stadiums, arenas, military bases, universities, convention centers, and office campuses; builds wireless networks, such as DAS, Wi-Fi and small cells at those venues, and monetizes the wireless networks through a range of products and services. As of December 31, 2016, the Company operated 36 DAS networks containing approximately 19,200 DAS nodes. Its Wi-Fi network includes locations that the Company manages and operates (its managed and operated locations), as well as networks managed and operated by third-parties with whom it contracts for access (its roaming networks). As of December 31, 2016, the Company had more than 1.5 million commercial Wi-Fi hotspots in more than 100 countries around the world. As of December 31, 2016, the Company also operated Wi-Fi and Internet protocol television (IPTV) networks at the 58 United States Army, Air Force and Marines bases around the world..